Replies to post #5070 on LadRx Corp (LADXD)

[Tekterra]

He be dumb to dilute so soon unless he's really trying to run this to zero. As far as speculation goes.

The reason behind the dilution and keeping a low SP was the cheap BO speculation. RS proposal I believe was two fold, one RS is the solution K planned to fix listing issues, but that failed. Two, RS also comes with 10 million options management can award themselves. That can mean they can gain more control of the company to facilitate the cheap BO since they would be able to vote it through with more power when the time comes.

Then he tried to release the deal with undisclosed details, and that failed to bring it above 1$ either. So K is in a bad situation with NASDAQ with two failed attempt to fix it.

What I don't get is why the delay if he was trying to do a cheap Bo merger with Soon Shiong? Wouldn't he try to get the deal through sooner rather than later and he wouldn't be having this listing issue to worry about?

Therefore, I think K might have trying to sell out cheap but he was stopped by the shareholders back in May with the 14 A merger filing that was supposedly an error?

The shareholders obviously knew about the 400 million deal that was leaked around some time ago and they knew K has no intention of filing the NDA.

K probably knew the deal wouldn't pass vote just like the RS vote and now he's in a tough situation because the Cheap BO might not be doable and Soon Shiong doesn't want to pay more.

If RS did go through, management could have gain more control of the company and potentially be able to force the cheap BO through. Maybe K was waiting for the right time when he could do the BO with high chance of success?

This deal with no detail disclosed can certainly be an on going negotiation going on. I am just not taking any chances with this hitting OTC and if K was in a bad situation where he failed to do the cheap BO, we might be stuck with this partnership. Or worst Soon Shiong backs out. I am hoping Soon Shiong is willing to pay more.

Otherwise, I supposed he might be ok running off with Aldox alone and no BO. Since Aldox can begin generating income for his new company in 2018. I am very skeptical at this point about a BO because Sharholders might be trying hard to prevent that.