No, CTIX has not given them stock yet, they have i
Post# of 72447
Posted On: 08/19/2016 1:17:24 AM
No, CTIX has not given them stock yet, they have issued the warrants. The warrants are valued at $432,000, even though they are at present worth nothing because no one would pay that for options to buy stock at 1.70 when the stock is trading at 1.35. So one possible thing would be for the judge to award $432,000 to CTIX, which CTIX could use to buy back the warrants from the Ashcroft firm; or, CTIX could make the case that the warrants are worth MORE than $432,000 because when they were issued, the stock was trading at about 1.20 or less, and now it's around 1.35.
Let's think about this: if the warrants are worth 432,000 PLUS the difference in price from the day they were issued (I think CTIX was around 1.17 or so that day but less than 1.20), then:
WHO WOULD HAVE A POWERFUL INCENTIVE TO KEEP THE STOCK PRICE DOWN?
My goodness. It might be whoever has to pony up that money.
Let's say the stock is worth .15/share more than it was the day the warrants were issued. What's one million times 15 cents? My goodness, I think the Rosen Firm has 150,000 reasons to want to suppress this stock's price.
Let's think about this: if the warrants are worth 432,000 PLUS the difference in price from the day they were issued (I think CTIX was around 1.17 or so that day but less than 1.20), then:
WHO WOULD HAVE A POWERFUL INCENTIVE TO KEEP THE STOCK PRICE DOWN?
My goodness. It might be whoever has to pony up that money.
Let's say the stock is worth .15/share more than it was the day the warrants were issued. What's one million times 15 cents? My goodness, I think the Rosen Firm has 150,000 reasons to want to suppress this stock's price.
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