Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Loanranger, a helluva good questions. Made me think long and hard. that produced a headache, not much else.

Honestly, I did ignore Aspire's side. I thought IPIX might have been the originator of the milestone based agreement as an additional deal to existing $30M purchase agreement, because then the new deal manages to makes some, if not much, sense as a quick source of carry over cash.

If Aspire would have agreed to longer period the cost/risk for Aspire would have been ... what? Maybe about $4M instead of $2M and upto 16M shares for Aspire to sell over 6 months instead about 8 over 3 months? I could well be that Aspire did think that only 3 month variant was acceptable.

What puzzles me now is this: If IPIX had a choice between the old $30M purchase agreement and this milestone based agreement, why enter into the latter? To prop-up the share price? Repeated need for a pile of cash?