RXII will do PIPEs after PIPEs to finance themselves now. Remember they promised partnership last year too. And the same Fatboy Garza was used to pump.
Understand that Kriegsman of CYTR is making the games here. The current stock price is based on rumor that big pharma will partner RXi this year which won't happen as nobody buys worthless penny stock companies like RXII
How do you think RXi will finance now: SEDA $25 million expires Jan-2011. Also shelf for $75 million is in place. Will they use these? Will they do other PIPEs? For sure the cheapest way to finance is on bagholders' expense and then short-short-short!
NO partnerships just lies and lies as always
Why would anyone buy into a scam company?
Why is a scam run by liars crooks? Anyone remember what they said when they did the PIPE on March 23, 2010? They said they are doing it because they want to negotiate on a strong financial position, so they did the PIPE and roughly had about $20 mil. cash at that time. Since then they keep on lying and now they have a disastrous balance sheet with no cash or investments and a bunch of liabilities.
So my next question: How will they FINANCE now? Again relying on shareholders by doing PIPEs, dilute them and then reverse splits? And in the same time grant more shares to their elected Director Kriegsman to sell of course after he sold millions of shares through his other scam company he set-up CYTR from which RXII spun-off?
I bet no pumptard will dare to respond to these serious questions. And as you see the short interest grew and is growing because this scam is heading to ZERO!