LadRx Corp (LADXD)

[Ecomike]

I am shocked to see it go this low, but it seems to be a perfect storm.

The latest news says the new shares at selling at .52 (but include warrants with the shares, and the warrants are convertible at .64). If the over allotment is used up it works out to about 44 million new shares, and 44 million warrants, which uses up 88 million in the AS, and takes us to about 80% of the new AS which was 250 million.

.52 x 44 million (less the fees) is going to be about 21 million dollars, divide that by 150 million shares we get an increase in cash per total OS shares of about .14/share. I think existing cash is at about that level as well, so we end up with .30/share (based on 150 million final issued shares) in cash plus the deals and pipe lines as the basis to value the stock, and about 44 million new warrants at .64 hanging over our heads (but if exercised they would add cash).

By the way, no one can convince me that the big boys were not selling this the last week based on insider information (knowing this coming), or at least they stopped buying and or supporting the price, knowing this was coming! SEC! Are you still asleep at the wheel?

So does anyone think we have seen seen the bottom at .40x today, and if not where do you think it will bottom?