Replies to post #1964 on Phio Pharmaceuticals Corp (PHIO)

[Inoviorulez]

This S1-flingis bullish for RXII for a few reasons:

1. This sell of common shares and warrants is going to be sold to institutional investor/investors

2. The matter the sells are being sold is as an over allotment option -- meaning greenshoe option- google greenshoe option. But the jist is that it was created by a company to the SEC to allow additional shares to be bought to keep the share price stabilized while dilution is taking place. That means price can't go below or above offering price during that time period its enacted.

3. This builds a base around .51 cents per share, and then the insitution/institutions will own between 5% to 10% stake in RXII

4. The investor buying will build investor interest from others on wall street

5. Right now we don't know which institution or institutions is buying 10% of RXII shares. But if its a well known entity expect additional share price appreciation based off of an SEC filing.