Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"as i’ve pointed out, B1 and B6 certainly don’t support your inquiry"

I look forward to any clear explanation that you (or anyone else) can provide.

Meanwhile, take a gander at p.11:
https://media2.mofo.com/documents/faqshelfofferings.pdf

Here's an excerpt:
"Companies whose public float does not exceed the $75 million market value threshold may use Form S-3 or Form F-3 to register primary offerings of their securities.
However, they may not sell more than the equivalent of one-third of their public float during any 12 consecutive months."

Lloyd S. Harmetz, Partner, and Bradley Berman, Of Counsel, Morrison & Foerster LLP could be mistaken too, of course.