Innovation Pharmaceuticals Inc (IPIX)

[CallMeCrazy]

Here's the stated reason for the share increase

Why is the Company seeking to increase the Company’s authorized capitalization?

The Board believes that the Company will need to raise additional capital in order to implement its business plan and is contemplating various alternatives to raise capital, including a potential private placement of shares of common stock or securities convertible into shares of common stock. In addition, we may issue shares to acquire other companies or assets or engage in business combination transactions. Currently, we have no specific plans, arrangements or understandings, whether written or oral, with respect to the increase in shares available for issuance as a result of the Increased Capitalization Charter Amendment.

https://www.sec.gov/Archives/edgar/data/1355250/000147793219004481/ipix_pre14a.htm

'frenchbroad' I made the same assessment as you and I will be voting YES!

Message in reply to:
IPIX is in a staring contest across the negotiate table with one or more people on the other side and today they bet with a big chip. Up to 300 million addition shares and the first use maybe listed is a private sale. The message is clear across the table that if you do not bring the money we will get it from someone else. And for now the only cost to IPIX is nervous shareholders. We will see who is the first to blink. I would like to go to the meeting when the information is listed.