Replies to post #1406 on Zynex Inc. (ZYXI)

[Thirsty Tiger]

The SB-2 appears to be a registration of the warrants attached to private placements in late 2006 early 2007. It has the same people listed as sellers as has been selling thru the 144 filings we’ve seen popping up lately

[cleverrox]

You are right about the "shell merger" warrants. They are mostly out of the money for now. However, keep on going below that and that is where:

"During 2006, in terms of unregistered sales of securities, the Company (a) sold 2,175,000 shares of common stock, and five-year warrants to purchase a total of 1,740,000 shares of common stock at $0.32 per share, to accredited investors, (b) issued 254,475 shares to investment bankers, (c) issued to the provider of the convertible $275,000 bridge loan five-year warrants to purchase a total of 429,867 shares of common stock at $0.39 per share and a fee of 65,000 shares of common stock"

comes into play. That is 4M+ shares that these venture capitalists want to sell roughly 50% of. The way I see it Sandgaard is going to hook them up with some people who want to buy some shares in bulk. Yes - there are another 1.9M options for the reverse merger, 1.8M which are out of the money. If the stock climbs high enough fast enough - they too will probably be sold. So the final share count could be 31.1M if the additional 1.8M are exercised.

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On September 27, 2004, the Company issued options to acquire 1,900,000 shares of common stock to a financial consulting firm in exchange for consulting services provided in connection with the Company's reverse acquisition, private placement and ongoing investor relations. The options, which expire September 26, 2009, permit the purchase of common stock in quantities and at prices set forth as follows:

Number of Shares Price Per Share

100,000 $0.40
400,000 $1.75
200,000 $2.00
200,000 $2.25
200,000 $2.50
200,000 $2.75
200,000 $3.00
200,000 $3.50
200,000 $4.00