Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

Since the vast majority on this venue is mostly, if not all, opinion, I'll give mine.

It looks like it's a way out if a deal closes within 30 days. And, I have no idea how often such a clause is in purchase agreements.





In Reply to 'PlentyParanoid'
Who has read a lot of share purchase agreements? Would those persons tell me how often they have seen this:

"Following 30 days after the initial closing, the Company may elect to redeem the preferred stock for 120% of the aggregate stated value then outstanding, plus all accrued but unpaid dividends and all liquidated damages and other amounts due in respect of the preferred stock"

And with examples please. There are too many 'opinion artists' here for me to trust plain opinions on this one.