Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

The last capital raise by CTIX was with Aspire Capital.

The agreement can be found here: http://www.sec.gov/Archives/edgar/data/1355250/000135525012000054/purchaseagr_ex10z1.htm

Why The Aspire Deal Is A Winner For Cellceutix Shareholders
http://seekingalpha.com/article/1070211-why-the-aspire-deal-is-a-winner-for-cellceutix-shareholders

After the announcement CTIX shares rose that day from $1.21 to $1.41 and finished the week at $1.45. It was very unusual compared to most other financing announcements where the borrower's stock price often declines because of anticipated dilution.

If Leo sticks to his past behaviour, the financing shouldn't be an issue. I'm not expecting him to go for a large raise, but, time will tell.

Good luck to all.





In Reply to 'septmike09'
The market is expecting dilution for the next capital raise. That's probably the reason for the drop.