Replies to post #245359 on Innovation Pharmaceuticals Inc (IPIX)

[58nout]

Thank you Kimosabee. This is my problem. The only entities that I can come up with that have shares to sell at this volume and price are Aruda, with a cost of 0, and possibly those shorts of 1.4M at an unknown cost.
Could Aruda be tax loss selling.
The last 10 stated that there were about 9M shares in the hands of non-affiliates.
Lastly, I'd love to see Aspires speadsheet on all of their transactions.
Recuperating in paradise.

[kfcyahoo]

"The conversion price for the Preferred Stock shall equal to the lesser of (i) $0.31625, subject to adjustment herein (the “Set Conversion Price”), and (ii) 85% of the lowest VWAP of the Common Stock on a Trading Day during the ten (10) Trading Days prior to and ending on, and including, the Conversion Date"

I guess there can be little question where those zip code transactions derive from, at least from one important source.