Innovation Pharmaceuticals Inc (IPIX)

[CHUNKY44]

You're probably not surprised that the language regarding the S-3 in the 10-Q confuses me. Is it your understanding that if the unaffiliated market value is <$75M when reported in the next 10K the company will not be able to issue any more shares under the existing Aspire Agreement?

That's correct. They can sell the entire amount registered under the current S-3, until the due date of the 10K. On that date they are no longer eligible to use an S-3 registration if the float is <$75M.