Things are moving forward at a fast pace as this just released announcement on seconday show. And, as was speculated after the recent writeup, Aegis Capital Corp is doing the deal. They have a good history with small bio's and they know pymx.
Now the resident malcontents will #$%$ and moan about it being too late, but smith is doing a good job and huge potential remains with hopeful money in the bank. Is potential worth a dime? I bet so and continue to add. If many longs here liked 'em at a buck, you got to love them at a dime.
Where Edward F. Smith worked last for seven years. At Bank of America or Polymedix !
You said :Smith is doing a good job... really how do we get in a position to solve and who was responsible for the money in the company.Mybe a secretary or the last seven years on the charge Edward F. Smith.
And now he solves the situation, earlier is definitely live and work on Mars.
If it were so easy to solve the lack of money then Detroit would not be Run Out of Money. Simply the shares tendered and waited to shareholders.
Smith trying to set a new tone at pymx; much more shareholder focused. Less for management, more for shareholders.
Prior to the adoption of the Amendment, the number of shares of the Company's common stock issuable upon exercise of outstanding options plus the number of shares reserved for future awards under the Company's equity incentive plans represented approximately 24.9 percent of the Company's outstanding shares. Assuming a reverse stock split is implemented at a fifty-for-one ratio and a successful offering of up to $25 million, the Company estimates that the number of shares issuable upon exercise of the Company's outstanding options plus the number of shares reserved for future awards under the Company's equity incentive plans, after giving effect to the Amendment, will represent less than 18.0 percent of the Company's outstanding shares of common stock