Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

CTIX did not transfer any shares to Aruda, the settlement was between Menon and Aruda exclusively and did not involve any dilution or issuance of new stock. Aruda is of course free to dispose of his stock as he chooses, and in fact has sold shares.

Form 8-K

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2014

"The aforementioned share transfer was strictly between the personal holdings of Mr. Krishna Menon, the Menon Trust, and Aruda. No shares or royalty payments were issued by the Company."