Innovation Pharmaceuticals Inc (IPIX)

[CHUNKY44]

Fun facts from the 10Q:

1. MFO exercises warrants to buy preferred at a discount to stated value (cash is raised). Proceeds from the exercise of warrants $1,490,000


2. Preferred is converted to common at a second discount (no cash is raised). 2,884 preferred were converted into 48,197,729 common