Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"Yes, as you say they were his personal shares. It had nothing to do with IPIX."

It had nothing to do with IPIX in the same sense that the shares that KM gave to Aruda had nothing to do with IPIX. It took the shares from a holder who could be expected to hold them to a holder who could be expected to sell them, as Aruda did.

Shares were moved into the float after the restriction period was over.