Saturday, May 09, 2020 10:29:56 PM
"300Mil float is a "So?" situation.
If the CEO did not take advantage of the current trading and Brilacidin is hissed off the CV stage, some here would be screaming 'LACK of FIDUCIARY responsibility'."
I can understand your dismissal of the IPIX float. Taken by itself it's a pretty meaningless number. As a divisor of the Company's current earnings and book value it's especially meaningless, but it would take on some meaning if the Company has future earnings and values. In that sense dismissing dilution is shortsighted.
As to the issue of the CEO taking advantage of the current trading, he's not. All of the share issuances for the last number of months have been as a result of the mfo exercising the rights their deal, made a year and a half ago and since amended in favor of the mfo, gave them. It's the mfo that has been "taking advantage of the current trading", not the CEO. It's their ball, so no one will be entitled to scream 'LACK of FIDUCIARY responsibility' anyway. If they do, they just don't understand the deal.
The 10-Q for the most recent quarter is due on Friday. If shares have been issued for any reason other than the mfo deal I'd be very surprised, but that's where we should learn about it if they have.
I'm tryin ta think but nuttin happens......Curly
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM