Innovation Pharmaceuticals Inc (IPIX)

[olden_grumpini]

I don't know about short positions (as you know), but the preferred holder can avoid the 5% ownership and having to file Schedule 13G if their inventory of shares stays below 17,800,000.

Might be old news to you, but a 13G was filed last summer by someone who made a boo boo:
Leviston Resources LLC.

Five days later they filed an amendment:
Leviston Resources LLC

If it was me, I wouldn't want ANYONE to know what I was doing. These cats are going to make a bundle on their $3 million investment. Makes me wonder why IPIX couldn't find anyone who would give them better terms or why IPIX didn't sell the stock into the market themselves. The preferred holder has no lockups. They can sell it as fast as they convert it.

I agree with what other posters have said numerous times that if the trial is a success the dilution won't amount to anything.