Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"if you don't want me to express my concern for the IPIX corporate structure, especially the preferred shares"

Two days in a row expressing a concern for a problem that doesn't exist. Cancelling the preferred authorization is an act that can be undone as quickly and easily as it can be done. Given that it would serve little purpose.

Be specific. Which insiders and what debt are you referring to? Why would they convert that debt into convertible preferred? Do you think that the Board of a public corporation can create an investment vehicle that would allow its Officers to acquire shares at a discount to the market?

Let's consider your concern in detail. Have you thought it through? Are there examples of Officers in another public company holding convertible preferred that you can provide where that preferred can be converted at a discount?