Replies to post #21746 on Cytogenix (fka CYGX)

[gdepc]

arnold

Maybe the financing terms were not up to cygx satifaction
aybe there would have to give up to much in dilution
I really do not know



I do know arnold the company is still in business and going strong unlike thousand of other biotech companies that have been buried in debt.

If cygx licenses the syn DNA cygx will have no need for the financing you dream of they will have a positive revenue flow

now watch the pps when cygx has revenue and no debt


gdepc

[nc4s]

Do you just make this stuff up?
I was at the meeting. Larry gave a financial history of the company and stated that it was decided early on to go with stock sales public and private to finance rather than dept. He stated this was going to be continued for the near future at least. In attendance were several people who had owned stock for years, owned serious amounts ( 100's of thousands and up ) and NOBODY indicated with even a raised eyebrow that this wasn't 110% accurate. Indeed, they seemed to be conversant with details of previous private offerings, more details were offered by L and so forth and so on. Don't give me the "DOG AND PONY" show crap, please. I really seriously think several people on this board just make up stuff they think MIGHT be true and post it.
One person from raging bull board emailed me with his fantasy of owning 100's of 1000's of shares in his wife's name, and several children's name and being blocked from entering because h's or t's of shares he owned personally were bought to late and they demanded the proxies and BS and BS and BS. I was right there from the time they opened the conference room until the meeting started. NOTHING LIKE THAT HAPPENNED. Why do people create these little fantasies? Can somebody help me?

[nc4s]

Hoist on your own petard.
You say that cygx WANTED to secure debt financing and then quote this.
CytoGenix, Inc. (OTCBB: CYGX) announced today that it has engaged the services of Jesup & Lamont Securities Corp., New York, New York, as exclusive financial advisor and placement agent for the purpose of raising equity capital to support the Company's on-going product development efforts.

HELLO? ANYBODY HOME?? Placement agents sell stock they don't arrange debt financing. Equity capital means they SELLLLL STOCKKKK to RAISSSSE THE MONEEEEEE. Maybe I need to sharpen my crayon.

I am investing a small amount of money in this company but it is a lot of money to me. I work for wages and am in for almost 8 months take home pay. I need real information, links to real information, and not crap somebody dreamed up, then typed up.