Replies to post #3927 on Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

RXI is an illiquid stock. Price movement on tiny volume (3% decline on 15k shares traded today) is meaningless.

Meaning you basically can't sell your shares in a single transaction without taking a substantial haircut. The only practical way is to use a limit order.

So far as whether the Nov CC will say anything meaningful - especially in the way of positive financial news - is not something I'm banking on. Note that the poster presentations (available on RXI's website) are pretty repetitive, with new info doled out very meagerly. Sort of like watching paint dry.

We really have no idea when / if deals will occur.

While it's heartening that no insiders have resigned, there have also been no insider purchases. I guess that so long as salaries are paid, research will continue.

I have all of 2000 shares so there's not much point in trying to sell out now. I will hang on until either RXI fails or catches the Brass Ring. This Chinese water torture will hopefully end in a few months, one way or the other.