Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

I forgot something.
There's the 10% interest (~$200K a year) and the "bonus" 2,000,000 options exercisable at $.51 share (currently worth ~$2M), but I overlooked the fact that the note itself is convertible at $.50/share....that conversion would result in a gain of about $4M if executed today.

I'm sure that I'll be corrected if I'm wrong about any of that, but it sounds like that $2M loan could be turned into $6M today by the conversion of the note and the exercise of the options...in addition to the $1M+ in interest that has been earned over the years.