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Pernix Therapeutics Holdings, Inc. Message Board

  • macteague macteague Mar 20, 2013 3:18 PM Flag

    Pernix cap table

    Just read this in PTX's 10-K (filed 3/18):

    As of March 15, 2013, our directors and executive officers together with their affiliates beneficially own, in the aggregate, approximately 47.5% of our common stock. As a result, our directors and executive officers, together with their affiliates, if acting together, have the ability to affect the outcome of matters submitted to stockholders for approval, including the election and removal of directors and any merger, consolidation or sale of all or substantially all of our assets.

    Whew! So it looks like outside shareholders are phooked if they expect any management changes here...

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