Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

I suspect for the same reasons we have been discussing;
Aspire is not a long term holder, they are in essence a lender who purchases shares at a discount (considering the free options) with the full intention of selling off the shares after a brief holding period while opportunistically holding the options. This would seem to be conformation that Leo thinks private investors will hold longer and perhaps it's a requirement of the deal. My first impression is positive.