Ritter Pharmaceuticals Inc (RTTR) News

Toast

Gonzo stock. See ya au revoir thanks for coming close the door on your way out good bye later alligator.

QLGN... Jackpot Baby... $5000 hit !!

....and now it's GONE!!!

Did this crappy thing go away...????



I suspected it was too good to be true!!!

Should not have to do anything from what I understand

.
They posted this in one of the news releases when they were soliciting votes.

"Ritter stockholders should also be aware that they will not be subject to a lock-up period following the merger".

“Immediately following the closing, Ritter will be renamed “Qualigen Therapeutics, Inc.,” and is expected to trade on The Nasdaq Capital Market on a post-reverse stock split basis under the new ticker symbol “QLGN” beginning on Tuesday, May 26, 2020.”

Does that mean our shares just turn into QLGN? Or do we have to do something?

hold?

You're (everyone) welcome

They chose the lesser number of 25 for 1. I don't know about you but this merger and split may pan out to the good. May miss something good to get out.


Persons who hold Ritter common stock immediately prior to the reverse stock split and merger will be entitled to receive a distribution of nontransferable Ritter contingent value rights from the Company. The contingent value rights will provide their holders with potential cash payment rights in the event of certain monetizations (if any and if ever) within a certain time period of Ritter’s intellectual property related to modulation of the gut microbiome to treat gastrointestinal diseases.

We’ll take it. The wait was anxious. Thanks

Posted what John gave me in email. They were A day late.

Well a day later on the split and a few hours late on the news

Did you see the news ?
1 for 25

HE IS CORRECT.lol

RTTR Ritter Pharmaceuticals, Inc. Announces Expected Closing of Merger Transaction with Qualigen, Inc.

Your batting 0 on your inside info.

It's evident that with premarket trading they didn't split stock yesterday like was said would happen.??? They must have decided to wait. I was told news would be out this morning before market open. Let's see if that is true

There will be a release tomorrow prior to market open with details about the split.

Trash already in the 40's

* * $RTTR Video Chart 05-19-2020 * *

Link to Video - click here to watch the technical chart video

Based on the info I received: press release today of meeting results,which they did, after close Thursday stock would split which would mean it will start trading Friday under new ticker symbol QLGN. Just don't know the split number yet. They will probably do another press release Thursday after market close with that.

RTTR don’t have to do RS until NOV they can do it when ever they want?

Got 4000 shares .50 cents

Oh hell they back. This might go to .80 cents today

Yes. Mis-spoke, regained compliance

Exactly the stuff some people say

Rttr is already on the Nasdaq lol

Looks to be breaking down now for sure unless it can find support quick

RTTR on the way to the Nasdaq.

Pharmaceuticals (RTTR) said Tuesday its all-stock merger deal with Qualigen has received approval from Ritter stockholders and should be consummated in the next few days.
Under the agreement, pre-merger Ritter Pharmaceuticals stockholders will own approximately 7.5% of the post-merger combined company. On the other hand, the pre-merger Qualigen stockholders will own approximately 92.5% of the post-merger combined company on a fully-diluted basis.
Prior to closing, the company will change its name to Qualigen Therapeutics and continue trading on Nasdaq Capital Market under the symbol "QLGN."



Mergers and acquisitions (M&A) are forms of corporate restructuring that are becoming increasingly popular. The motive for wanting to merge with or acquire another company comes from management trying to achieve better synergy within the organization. This synergy is thought to increase the competitiveness and efficiency of the company. Mergers and acquisitions are also ways for a company to acquire capabilities it either cannot or does not want to develop internally, as well as to take over a company viewed as underperforming or undervalued and unlock value by changing operations or taking the company private.


Mergers usually occur on an all-stock basis. This means the shareholders of both merging companies are given the same value of shares in the new company that they owned in one of the old companies. Therefore, if a shareholder owned $10,000 worth of shares before the merger, he or she would own $10,000 in shares of the newly formed company after the merger. The number of shares owned would most likely change following the merger, but the value would remain the same.

Looks like it has found support and bounced off of the 200 sma for now

Guess we will know more Friday morning when it starts trading under the new ticker symbol. Hoping it's for the better

You’re right.. this is a positive ... cannot say that too often.

This will run once people realize it.

Selling off premarket

We haven't tanked yet. That's a POSITIVE

Ritter Pharmaceuticals, Qualigen All-Stock Merger Deal Gets Shareholder OK

08:37 AM EDT, 05/19/2020 (MT Newswires) -- Ritter Pharmaceuticals (RTTR) said Tuesday its all-stock merger deal with Qualigen has received approval from Ritter stockholders and should be consummated in the next few days.
Under the agreement, pre-merger Ritter Pharmaceuticals stockholders will own approximately 7.5% of the post-merger combined company. On the other hand, the pre-merger Qualigen stockholders will own approximately 92.5% of the post-merger combined company on a fully-diluted basis.
Prior to closing, the company will change its name to Qualigen Therapeutics and continue trading on Nasdaq Capital Market under the symbol "QLGN."

On a side note they did say before"Ritter stockholders should also be aware that they will not be subject to a lock-up period following the merger.”

Never have liked reverse splits but hopefully this one will be beneficial to the pps along with the merger. There may be others but only remember one that had reverse split and merger with name change that did extremely well afterwards. Maybe this will be another. GLTA

WOW NEWS ON BLOOMBERG!!

https://www.bloomberg.com/press-releases/2020-05-19/ritter-pharmaceuticals-inc-announces-stockholder-approval-of-proposals-required-for-merger-transaction-with-qualigen-inc

News out

LOS ANGELES , May 19, 2020 (GLOBE NEWSWIRE) -- Ritter Pharmaceuticals, Inc. (Nasdaq: RTTR) (“Ritter Pharmaceuticals”, “Ritter” or the “Company”), announced today that, based upon the final vote count certified by the inspector of election for the special meeting of stockholders held on May 18, 2020 , its stockholders approved all of the Qualigen, Inc. merger-related proposals, including: (i) the issuance of Ritter common stock and convertible preferred stock pursuant to the Agreement and Plan of Merger, dated as of January 15, 2020 , as amended, by and among Ritter, RPG28 Merger Sub, Inc. , and Qualigen, Inc. (“Qualigen”) and the change of control of Ritter resulting from the merger, (ii) a reverse stock split of the outstanding shares of common stock of the Company, at a ratio within a range of 1-for-25 to 1-for-35, as determined by the board of directors of the Company, (iii) changing the name of Ritter from “Ritter Pharmaceuticals, Inc.” to “Qualigen Therapeutics, Inc.” and (iv) the adoption of Ritter’s 2020 Equity Incentive Plan.
“We’d like to recognize our shareholders for their strong participation and overwhelming support of this transaction with Qualigen,” said Andrew J. Ritter . “We look forward to completing the merger with Qualigen , a transaction which we believe will create continued value for our shareholders.”
As previously announced, the boards of directors of both Ritter and Qualigen unanimously approved the merger, which is expected to be consummated in the next few days. In connection with the closing of the transaction, the Company will change its name to “Qualigen Therapeutics, Inc.” and the Company’s shares are expected to continue trading on The Nasdaq Capital Market under the symbol “QLGN”.

Take it or leave it. You got what I was sent

I bet dumb ass keep your story's to your self

in my inbox

Where is the email

Email reply. Split after close Thursday

I hope so!! What makes you say that?

Hey Blu....Press release tomorrow. Hope it's GOOOOD

I didn’t recall they mentioned a date

Lololol SMH

they are delaying to dilute more shares for the r/s,,seen it many times,,crooks

Me as well

Crazy

Did u say everything was approved? and you were able to log in

When does split go into effect

Yes very thing was approved BS to delay meeting now news.