Replies to post #76062 on Innovation Pharmaceuticals Inc (IPIX)

[MrW]

Yes, I will say something.
BUYING OPPORTUNITY!

[MinnieM]

I'm holding and if it drops I may add... just depends on what other positions I'm willing to close to reallocate more funds here.

It will also be interesting to see what price they actually sell shares at. At $4 per share it would use 18,750,000 shares. At $3 per share it would use 25,000,000 shares.






In Reply to 'eventhelosers'
Anyone going to say something, should we dump are shares in the morning?

[frrol]

It does not mean dilution. This is a "general shelf registration" for $75MM of potential future public issuance of anything from common shares, preferred shares, warrants, sub debt, or senior debt. It has not been rendered "effective" yet, so it is awaiting approval of the SEC. I don't know why they'd be raising $75MM if they were expecting upfront partnership $ offers soon, so that is disappointing. I'd like to hear management's explanation.

[incubus-now]

Leo and the team seem confident their products will get to market and this action should solidify their ability to run at full speed toward their goals. An aggressive, optimistic move by confident management. Tells me they do not see impediments with their science and this achieves the financial means to complete the tasks. Throw in a partnership or buyout when the time is right........ They aren't required to sell any stock but have the funding ability to run the business at full throttle including staffing, BOD, meeting up-listing requirements, continued product R & D, outsourcing for services. Sounds like a good long term move.