Innovus Pharmaceuticals Inc. (fka INNV)

[Honeycomb777]

BATE (and others) follow my MATH Please:

Say r/s doesn't pass - and Da only has the use of 47M more shares to run the business and pay his bills. BUT He doesn't even have that as Boyd can exercise warrants as more shares are issued. Da has to assume that he will

so, at 292.5M (maxed out a/s) Boyd can accumulate 29.25M - 24.2M = 5.05M more shares. That means Da only has 42M more that could technically be issued and he is CAPPED.

Now, remember - he did just get 2.8M plus the 700k in cash = $3.5M in cash holdings currently

SO, he could keep the charade going for a bit - but not much longer.

QUESTION - If we push PPS over 15 cents and other warrant holders want to exercise - then what happens? There just wouldn't be enough a/s to accommodate that. You think BOYD would vote YES or NO to an a/s increase ?

And we wonder why there haven't been any product launches - I bet Da is conserving cash as much as possible