Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

Oh, you mean his little debt/equity swap that netted him 909,090 shares for a 'debt' of $100k? That one?

It's all well documented in SEC filings... no need to 'wonder if Mr Ehrlich did anything with his money'.


This doesn't raise any red flags?-

How could debt that is convertible at $.50/share be cancelled in order to exercise on a dollar for dollar basis options that exercised at $.11/share?

A) A conversion of the $100,000 according to the debt agreement would result in the issuance of 200,000 A shares.

B) On the other hand, if the Company was to pay off the $100,000 in debt and LE had used it to make a cash payment to the Company of $100,000 to exercise options it could have (ultimately) resulted in the issuance of 909,090 A shares. As it was done, it provided LE an additional 9M votes based on the conversion into B shares.

Explain this.

I'm here for results. Not apologists.
Investments that yield nothing are 'losses'.
To date that's all I'm positioned for.

Where are the Covid trial topline results, Jane? You seem bent on defending the company like an obsequious employee. Why else would you defend the indefensible?

Ever read 'Conspiracy of Fools'?
Might be a good read for you since you seem to be constrained to myopic IPIX views and attempting to excuse the inexcusable with The Accountant...

I wonder if Mr. Ehrlich has ever put his own money at risk to help Ipix when it needed cash.