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Bank
of America Plaza
101
East Kennedy Boulevard
Suite
2800
Tampa,
Florida 33602
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813.229.7600
813.229.1660
fax
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www.slk-law.com
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Re:
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Oragenics,
Inc.
Schedule
14A
Filed
June 29, 2010
File
No. 001-32188
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1.
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On page 11, you disclose that
because the number of issued and outstanding shares of common stock will
decrease as result of the reverse stock split, the number of authorized
but unissued shares of common stock may increase on a relative
basis. Please explain how this may occur as you also state on
page 11 that the number of authorized shares of common stock will be
reduced. For example, will the reverse stock split ratio of the
outstanding shares of common stock be a different ratio that the
authorized shares of common
stock?
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Response:
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The Company will revise its
disclosure to delete the referenced bullet point as the Company expects
its authorized shares would be split in accordance with the Board
determined split ratio of common stock in accordance with the range
identified.
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2.
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If the number of authorized but
unissued shares of common stock may increase on a relative basis, please
disclose whether you currently have, or do not have, any plans to issue
any of the additional shares that would be authorized but unissued as a
result of the approval of the reverse stock
split.
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Response:
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For the reason set forth in our
response to comment 1 above, the Company does not expect a corresponding
relative increase in its authorized shares as a result of implementing any
of the split ratios.
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3.
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Please revise your disclosure to
remove any inconsistencies.
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·
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On page 8, you disclose that you
are seeking to approve a reverse stock split at a ratio of not less than
one-for-six and not more than one-for twenty statement. On page
11 and elsewhere in the proxy statement, however, you disclose that you
are seeking to approve a reverse stock split at a ratio of not less that
one-for-two and not-more than
one-for-twenty.
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Response:
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The disclosure will be revised to
change the reference of “six” to “two” on page
8.
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·
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On page 10, you disclose that your
board may elect to effect any one of the four reverse split
rations. On page 11, however, you provide examples of the
effects of the implementation of seven different
ranges.
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Response:
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On page 10, the word “four” will
be deleted and the words “within the range indicated” inserted in the
sentence where the word “four” appeared as
follows:
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/s/Mark A. Catchur | |
Mark A. Catchur,
Partner
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