Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Following discussions with management and members of the board of directors of Mast Therapeutics, Inc. (the “Company”) regarding his current and
planned commitments outside of his duties as a member of the Company’s board of directors, on August 6, 2013, Ted W. Love delivered notice to the
Company of his resignation from the Company’s board of directors and from all committees of the board, which was effective the following day. Dr. Love
resigned due to other commitments and not due to any disagreement with the Company known to any of its executive officers on any matter relating to the
Company’s operations, policies or practices.
Underwriter and partners now must come out from under all the shares that was shorted to stabilize the offering. Now they gotta cover. They are not going to lose. See that drop at the close. That says hey little guy sell us your shares on the cheap. This is not worth anything.
Once everything is in place then they will want to sell us there share on up there for a profit.