Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

Would you feel the same if those starter shares to make the commitment were only 1.5% of what you'd be required to purchase when the company directed you to do so?






In Reply to 'loanranger'
That makes perfect sense. This was the element missing from the original:
"Upon execution of the deal and signatures, an 8K was filed revealing both the terms of the deal as well as expanding on the financial filings adding details that were revealed to Aspire, thus making those details public information and removing any advantage once the shares were placed."

We can't know if any of that is true of course, but I think we've made progress on the way things are supposed to work.


As to this:
"I know I would not do any financing deal with any public company without peeking under the hood, first."
I don't know if Aspire did that, but the way they structure their deals they don't really have to.

I tell you what. You start a company, sell me shares at a discount to the market that I can re-sell any time I want, give me a nice little starter stack of shares to make the commitment, and we can probably work out a deal without even popping your hood :o)