Replies to post #122328 on Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Private investors usually give money to start-ups in exchange for certain % of equity. Let’s say Leo decides to go public after a successful B-OM P2 and a successful P P2, plus an ongoing K P2 and an ongoing B-ABSSSI P3, the market cap would probably be $1B. These private investors, along with Leo and Dr. Menon, would be holding a certain amount of shares before the public can buy them at $10, if the total OS is 100M shares. Hope this helps.

Either your a private company or not. Not sure I understand your post?

[grizzlyman]

They also have a 75 million shelf which 45 million will still be available if they use all the 30 million from aspire. I think we're sitting pretty good

[rule_rationale]

Current funding lasts a lot longer than May, or did you mean May 2017?

"We currently have an approximate $8.4 million cash balance in the bank..."

"Aspire Capital is committed to purchase up to an aggregate of $30.0 million of the Company's common stock over the 36-month term of the Purchase Agreement. As of June 30, 2015, the available proceeds from Aspire is $29.7 million. "

"We expect to incur costs of approximately $17.7 million in the upcoming twelve (12) months to operate our business"

http://www.sec.gov/Archives/edgar/data/135525...ix_10k.htm