Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

In a nutshell:
(3053 x 3 x 982.50) + (2036 x 3 x 982.50) = $15M.

That's IF all warrants for Preferred are exercised.

Any Preferred will be converted to common and almost certainly sold or it wouldn't have been acquired in the first place.

How much common will be added to the outstanding?
$15m/conversion price = X.