Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

It's very different from aspire. This offering is loosely defined and the operative phrase here is from time to time with no specified amounts. $75 million at 3 would be enough shares to encentivise an early partner to buy two seats on the board and control up to 15% ownership.

Consider, a major licensee pays a total of 750 million, receives a board seat and includes a purchase of 15 million shares. Would this shelf easily and quickly take care of the ownership part of the agreement? Real question.