It's a possibility imo. I did a lot of dd on barrett over the last few years when he was pretty much wholly Barrett Edge. Sent him an email once too with no response. Now that he's a part of a bigger partnership it's possible that firm is funding IPIX. Considering the format of the preferred I wouldn't be surprised.
It still stands that we're where we are until the deal is done. And if it's lucrative enough the market will react quickly and munch through the dilution quickly.
IMO
"Perfection is not attainable, but if we chase perfection we can catch excellence." Vince Lombardi Do your research! Play the TA. All posts are my opinion.