Replies to post #9593 on Soligenix Inc (SNGX)

[fung_derf]

All authorized shares or just issued shares?

[fung_derf]

Found the answer myself and as suspected, another company screwing over the common shareholders....

At the effective time of the reverse stock split, every 15 shares of Soligenix's issued and outstanding common stock will be converted automatically into one issued and outstanding share of common stock without any change in the par value per share.

[fung_derf]

Yes. You have

Soligenix’s common stock outstanding from
43,335,174 shares to approximately 2,889,012 shares

Meanwhile, there are (75,350,000) shares in total, so you've just gone from 57% of the shares issued to 3.8%. Meanwhile, ALL those other shares sit in storage, and they continue to give themselves shares as bonuses and awards based on the previous percentages.
Is there something above "bearish", that I can rate this stock?
Like Bears with laser beams on their heads?