Roth and HC would like to extend a big thank you to RNN shareholders for $ - ha-Rexahn has agreed to pay the placement agents an aggregate fee equal to 6% of the gross proceeds received in the Offering. Pursuant to the Engagement Letter, Rexahn also agreed to reimburse Roth for reasonable out-of-pocket expenses incurred by it in connection with its engagement under the Engagement Letter, which will not exceed $40,000 without prior written approval of Rexahn. Pump with a $3 price target and walk away with 1.2 mil plus
get real - they only had 146 mil outstanding and now they are adding almost 20 mil with warrants - thats a substantial increase and the cash raised is puny
now there is at least 19 million more shares not including warrants; they raised a puny amount of money and Roth got its fat share; lotta people here in denial
how many different ways did Roth and its clients make $ off of this from trading with knowledge and getting offering fees?
did they and RNN management know an offering was in the works? why set a price target right in front of an offering unless you want to pump up the price
no fear of the SEC in todays wild west market; Roth and client prob bot below .50; gun it up with BS $3 price target - they sell to retail, retail gets left holding the bag and then it plunges and Roth can rebuy - this also says alot about management - screw its own shareholders
they put out a $3 price target and pump the stock probably knowing of impending $1 stock sale; tell me most of the heavy sellers the last 2 days were not given the heads up
why? why 11? what does a broker know - it has clients that want to make $ why not 20 or 30 mr blodgett?