Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Buyout options: stock deal, all cash or both..... Stock deal you would get all GLD shares at the ratio of the agreement. 5 bucks you’d get 1 share of GLD for every 30 shares of IPIX if GLD trades at 150 for the accepted buyout. Cash deal you’d get all cash and have no equity, both some cash and shares. Those who do not want GLD stock will have time to sell IPIX which will be tied to GLDs price movement. Example: If the buyout is 5 bucks and GLD drops 10 percent before the deal is official your IPIX shares will be around 4.50. 5.50 if GLD goes up 10 percent. 5 bucks per/share is a stretch for anyone to pay Leo over 2 billion. 1 to 2 bucks more in reality.