Innovation Pharmaceuticals Inc (IPIX)

[Suvorov]

"I'm not even worried about a $10MM preferred conversion. That is peanuts. "

I disagree.

Yes, the nominal amount, $10MM is not scary it is the instrument and its derivatives that are the fulcrum of the worry.

Preferreds into convertible with the dilution discount selling to the market (15%,readjusted to POS a death spiral) in to the market that will, in turn , have retail panic and shorties selling such that the capitalisation of IPIX will be under $10MM, where control can be purchased cheaply...

The black hats whether they are management nominees or third parties they can do another financing at low prices.

In either scenario shareholders are massively diluted, cheated, in my opinion.

As for your 'bloated overhead and recklessness with PR's and deadlines' that is not good. It always happens, companies get some cash and they spend it like they were running Goldman Sachs.

It is forgivable if they are creating profit, but with no cash flow that is apostacy, short sighted..

Every dollar they spend on cronies et al could be the dollar that may be needed in research to get the 'drugs' over the line.
That's what worries me, if they spend like drunken Irishmen the more likely they will be at the mercy of some rich, financial vulture he will grab the $10MM pref. and run the game for his (won't be a 'her' sorry woman libbers) profit.


Too many PR's and missed deadlines just defeat the purpose; you don't look 'business like'; if you have the cash why promote so much and so, awkwardly? The company loses credibility. And it looks desperate which is not a good place in capitalism.

Have a good day.

All my musings are nothing but my humble opinion.