Algernon Pharmaceuticals Inc. C.AGN

Algernon and Gromax Capital.....just curious ?

[talisman47]

If Gromax has been waiting to be unhalted and they own millions of shares of Algernon that they probably would want to trade or buy......could these be one of the reasons why Algernon kept saying end of the month for their  results ??  Gives Gromax time to get back trading  just before Algernon releases results ?? 

Just seems like coincidental timing......anyone have an opinion??

[Mole101]

everything is posible , selling shares and exercising Warrants its most likely  Algernon Pharmaceuticals Inc. On November 1, 2019, the Company acquired 5,882,352 units of Algernon Pharmaceuticals Inc. ("Algernon") at $0.085 per unit for a total cost of $500,000 pursuant to a public offering of units of Algernon of approximately $2.07 million 

[BitHorse]

This post has been removed in accordance with Community Policy

[futuregains]

I am not saying it is good or bad considering the timing of data release and Gromax getting unhalted. It is interesing though. Makes me wonder about next weeks news. All I can say is be ready for a lot of trading. Thoughts anyone?

[BitHorse]

This post has been removed in accordance with Community Policy

[futuregains]

Good point. I checked. There have been very low volume trades the  last couple of days on the US side. None on the Canadian side. To your other point. Yah I agree. King Flipper and the arms length antics (joke) has always been a concern of mine. The CSE is a joke. I didn't find out his involvement until after I bought in. My Bad. Anyway BH I am at the crossroads with you as well. All

[nodaytrader]

Just speculating but if Ifenprodil is successful, Algernon could sell or license the rights to market it so Algernon would still be developing other drugs and would have a load of cash to distribute to shareholders. Dividends aren’t paid on warrants so major warrant holders would need to convert to shares. just a thought 

[Pandora]

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[Pandora]

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