NYSEAM:IBIO - Post Discussion
Ibio Inc
> $iBio - What goes up behind the scenes ... ???
Post by
FelixFun on Aug 09, 2020 5:47am
$iBio - What goes up behind the scenes ... ???
$IBIO Trying to get to the bottom of this 25% discussion people have been talking about, we dug into the SEC Filings and tried to create a timeline. Nagging question: Why did Dart's lawyer (Sullivan) and iBio's lawyer (Abramowitz) both use the June's date float of 119 million given that there was 23 million shares issued since then? What we came up with is that Dart had an opportunity turn a profit, dilute himself through conversion, and gain shares/voting power while buying millions of shares cheaply and staying under the radar of the SEC and/or helping iBio get BARDA funding (which would be very beneficial to him). Or forget the 25% issue all together and keep it simple. He had a chance to recoup his investment costs/turn a profit, and gain voting power, and buy more shares. Keep in mind: He couldn't buy until the end of June (standstill). Some Things to Research in regards to the 25% Threshold. § 120.37 . §120.1(c)(1)
Source: https://stocktwits.com/iBio_Cultist
Float, Dart, Shares
BARDA V entures
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