"LPC?" I assume you're referring to the share price run-up RXI is experiencing over the last few days. Yes, absolutely.
I admit I don't understand details about this dilution: 1) RXI pays LPC $500K to buy up to $15 million worth of existing or new shares over a 30-month period?
2) LPC pays the lowest 10-day share price somehow for each "$ chunk"?
3) Then can LPC just do whatever it wants with the shares (ie, dump them)?