SiNtx Technologies Inc (SINT)

[boston745]

Notice that on April 1st, L1 filed its 13G indicating it had 8.8% of outstanding stock. Two days later, Sintx announces an offering at 2.1 cents adding 71m shares of stock.

(2) Based on 51,080,139 shares of Common Stock outstanding as reported in the Issuer’s filings with the Securities and Exchange Commission.

Once this offering completed, L1 stake in Sintx became 3.6%.

This indicates that Sonny is not simply raising funds, but that hes preventing these funds from accumulating too large of a position. Thus this game of massive dilution and reverse splits seems to be a game of Sonny defending Sintx from this group of hostile funds. As long as this group of funds continue to attempt to take over Sintx through hostile means, we can expect this to continue. However with Nasdaq putting Sintx on probation for a year, it's limited on its ability to raise funds while diluting this groups position as it must stay over $1. Sintx needs to do a private placement offering which is likely why Sonny has indicated that Sintx is exploring Strategic Opportunities. Sell Sintx Armor to NP Aerospace is one option as NP Aerospace needs a US facility and Utah is a good location for manufacturing and military connections. It could also try to get one of its partners to take a stake. As Ansons group of funds come at you sideways, they'll try to disrupt any such negotiations. Sintx is in a precarious predicament right now. Can Zimmer Biomet not step up already?

SINTX Technologies to Explore Strategic Opportunities

Board of Directors has initiated a process to explore potential strategic options for the Company.

https://ir.sintx.com/news-events/press-releases/detail/233/sintx-technologies-to-explore-strategic-opportunities

April 1st 13G
https://www.sec.gov/Archives/edgar/data/1269026/000107997324000472/l1cap_13g.htm

April 3rd Press Release
https://ir.sintx.com/news-events/press-releases/detail/225/sintx-technologies-announces-pricing-of-1-3-million-public