Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

If you don't want to read the post that's fine with me.

Kips bought Preferred. With the preferred they received warrants for more preferred, which they exercised.

Per your quote:
"As of March 31, 2022, there was no Series 1 and 2 warrants outstanding since all warrants were exercised, and there were 1,165 shares of Series B-2 5% convertible preferred stock outstanding."

You've quoted the 10Q twice and in neither case was it at odds with my analysis.