That's the way I understand it as well. PLUS they gave H.C. Wainwright $126,000 sales commission, $35,000 in expense reimbursements and warrants to purchase 150,000 common shares. Just to give themselves money. They are just giving shit away!
Doog- If what you said is correct, then those 5 bought the $1.8M offering? I thought it was pretty clear that Anson bought the $1.8M offering. Those totals look to be about 1.5M warrants at $0.75. Which appear to be exactly 50% of the 3M share offering it appears Anson bought. It just lists those people as related parties to IPCI. If you look at some of the other forms, I think you see the same.