Replies to post #4605 on Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

"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)?