Spherix Issues Letter to Shareholders
SPHERIX (SPEX)
US:NASDAQ Investor Relations:
spherix.com/investors.php
Company Research
Source: PR Newswire
NEW YORK, June 27, 2017 /PRNewswire/ -- Spherix Incorporated (NASDAQ: SPEX) an intellectual property development company committed to the fostering of technology and monetization of intellectual property, today issued a letter to shareholders. Dear Spherix Shareholders,Our recent announcement of the Hoth Therapeutics deal has generated significant interest in understanding more about the transaction and the exciting implications for Spherix. With that in mind, I'm going to provide you with more information on the transaction and update you on why we believe this transaction has positioned Spherix for growth. I want each of you to know that I see the fundamentals at Spherix stronger than at any time in the last few years and our path to value creation is moving forward with focus.Let me start by explaining that under the negotiated terms of the Hoth transaction, Spherix's monetary investment in Hoth is fixed and we do not anticipate additional funding from Spherix to develop this uniq
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