Innovative Payment Solutions Inc (IPSI)

[Renegades17]

Many factors suggest otherwise, but everyone is entitled to their opinion



1. The range isn't comparable to the typical R/S dilution scheme. If you think through the range and the pro forma share count, it lines up well with the share structure desirable for uplist. Look at FCUV as a case study. Reverse, capital raise, uplist and the stock went from $6 to peak at over $24. That's for a business with low gross margins that barely generates $1mm in run-rate revenue and it peaked at close to a $1bn valuation.

2. Cash balance is over $7mm at June qtr end and is probably still over $6mm at this point. They've basically outsourced product development to Frictionless and will acquire majority interest to control the stack. I think that will be a great deal for shareholders of IPSI.

3. They have institutional investors that are in at much higher prices. Moreover, Corbett's warrants strike at $0.24 and are subject to adjustment just like every other shareholder. I find it hard to believe he wants to self-injure particularly given the company is not cash constrained.

I think we'll start to get a PR blitz soon as Corbett has every incentive to get the stock price higher.