Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

Good catch of a stupid mistake. Thanks.

Fortunately (and thankfully) I carried the mistake through the example so this was still true...
"So the investor would effectively be paying $.132 for a share that he could sell to you or anyone else on the open market today for $.185.
...and I think that that's the perspective I was trying to show.

That said, getting the dilution rate wrong by a factor of 10 wasn't good.
As I understand it in round numbers the deal has a $15M Preferred share purchase potential, so the common issuance from conversion at $.132 would be over 114M common shares using the numbers in the example.
(unless I screwed up the math again)
Obviously the range of possibilities for that number varies with the market price of the shares.

Thanks again.