iBio Inc (IBIO)

[JPetroInc]

up 3 bags - how is this bad...?

"Pursuant to the terms of the securities purchase agreement, the Company is selling an aggregate of 5,287,278 shares of common stock (or pre-funded warrant in lieu thereof) and common warrants to purchase up to 5,287,278 shares of common stock at a purchase price of $2.85 per share (or pre-funded warrant in lieu thereof), subject to certain beneficial ownership limitations set by each holder. The warrants issued in the offering are exercisable six (6) months upon issuance at an exercise price of $2.64 per share and will expire five years from the date of issuance."

gott love the strike price cause it builds a pps floor

also Tom Isett is gone - new management in place - low float - promising industries - great AI platform producing nice results and picking up partners with cash payments - all with new financing

for AMEX that's what you want



iBio is an exceptional low floater - with this kind of action action, there's now established SH's

AJMHO