Replies to post #243228 on Innovation Pharmaceuticals Inc (IPIX)

[frrol]

No, the issue is the share price combined with the volume. (Read the terms of the 2017 Agreement.) And the reason for that is Aspire needs to be able to sell those shares. The last few Aspire purchases were done at those tough terms because Aspire needed a heavy discount to assure it wouldn't lose money. The daily dollar volume of IPIX has gotten so low that it wasn't enough to meet the Agreement terms. Another way to think about it is that the market is no longer willing to provide capital to IPIX, so neither was Aspire except at an enormous discount. The last side agreement even had milestone requirements, that's how reticent Aspire got about doing anything. And now it clearly appears they've said "enough, no more." We can't tap them again until market demand for our equity meets the Agreement.

[BooDog]

Ah yes, I didn't mean they were "out". I meant pretty much that a future with them is likely out. As they won't be needed any further.

Those that can't take the heat are likely out by now. No news over the next couple/few days could see a bit more of a shake out. I'm ready and waiting.

Deal comes through and we're off to the races.

IMO

$IPIX

Message in reply to:

Aspire is not out. We are still in the original agreement and have 22 million left. Yes the share price needs to be at .25 or above....but the only agreement over is the milestone agreement where we basically got 2 million dollars in one day and gave up 8 million shares. That one is over. During that date range the original purchase agreement was on hold.

That two million will go towards lawyer fees for the 9 digit deal we are about to sign. IMO.