Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Preferred stocks are called death spiral financing for a reason. When the first preferred stock agreement was announced on 10/9/2018, the SP was 27 cents. Leo did not buy back any preferred shares. Let's see how this agreement plays out.

https://en.wikipedia.org/wiki/Death_spiral_financing

In the chorus to point out all the negatives to the recent financing, you are the only one to point out this very likely positive possibility. Why is that?