Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

I think your forgetting to consider both the actual cost of dilution as a direct result of the options related to the Aspire deals, the almost certain hit to the SP from Aspire selling stock before the company needs money to to obtain a better purchase price and the potential huge cost of the options if the SP raises substantially as the PIPE deal indicates Leo is betting on.
If the SP soars the potential cost of the options will by far far exceed the the discount to Aspire and other costs related to their transaction that the PIPE does not incur. I think Leo in in a better position to judge the costs of financing than outsiders as he has both much more information and he is a veteran CPA and seasoned financial manager as well as having more skin in the game than any of us. He has the knowledge, incentive and the means means to make the right decision. Second guessing him is natural but advantage Leo IMO.