PolyMedix, Inc.(fka PYMXQ)

[damnthetorpedoes]

I'm beginning to think they are considering filing for Chapter 11 bankruptcy protection. It would freeze out the current shareholders and allow them to emerge with zero debt. I've been very tempted to average down myself at <$.10 but that thought keeps nagging at the back of my mind. I wouldn't put it past Nic to screw the current shareholders in return for the opportunity to continue his agenda.

The second scenario of an RS followed by equity sales is another reason I'm holding off on investing more. I believe any such announcement will drive the PPS down again, possibly to $.05 pre-split. That may be my opportunity.