Innovation Pharmaceuticals Inc (IPIX)

[Yooper61]

2016 10-K, Page F-19:

On November 5, 2015, the Company issued one million stock options to purchase shares of the Company’s common stock, par value $0.0001 per share to a law firm for services, valued at approximately $432,000, based on the closing bid price as quoted on the OTC on November 5, 2015 at $1.36 per share. These options were issued with an exercise price of $1.70 and vested immediately, with a three year option term. These options have piggyback registration rights. The Company recorded approximately $432,000 of stock option expenses during the year ended June 30, 2016.

https://www.sec.gov/Archives/edgar/data/1355250/000147793216012448/ctix_10k.htm

Sullivan’s got till Nov 5th of this year to exercise their options. A deal will be done.