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Regenerx Biopharmaceuticals Inc. Message Board

  • fl_geezer fl_geezer Oct 23, 2013 10:56 PM Flag

    Open Letter to J.J. Finkelstein

    Dear Sir:
    Please explain why this offer was not made available to the current shareholders of Regenerx :

    Convertible Promissory Notes. The key terms of the Notes are summarized below. The Notes will pay interest at a rate of five percent (5%) per annum, mature sixty (60) months after their date of issuance and are convertible into shares of our common stock at a conversion price of six cents ($0.06) per share (subject to adjustment as described in the Notes) at any time prior to repayment, at the election of the Investor. In the aggregate, the Notes are initially convertible into up to 5,350,000 shares of our common stock.

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    • Dear Sir:
      Please explain why this offer was not made available to the current shareholders of Regenerx :

      Convertible Promissory Notes. The key terms of the Notes are summarized below. The Notes will pay interest at a rate of five percent (5%) per annum, mature sixty (60) months after their date of issuance and are convertible into shares of our common stock at a conversion price of six cents ($0.06) per share (subject to adjustment as described in the Notes) at any time prior to repayment, at the election of the Investor. In the aggregate, the Notes are initially convertible into up to 5,350,000 shares of our common stock

    • In all seriousness, I would not have a problem with making a $10K or $20K loan to RGRX under those circumstances. So good question, why aren't all stockholders offered this kind of deal?

      • 1 Reply to rac0cker
      • They can't offer to you/us. You have to be an accredited investor, I would think. Second, there were a couple outside investors. To get them to buy, RGRX no doubt had to sign a confidentiality agreemt, and they told them just what it is (news wise) that RGRX waits on. RGRX isn't disclosing this inside information to the general public, so they can buy these band aid deals. Lasty...if these band aids were offered to us, it would need SEC registration and lawyers writing it up. All that could cost good money, wasted....when they only look for a cople hundred thousand.

 
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