Replies to post #262538 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

I don't know. Would the MFO purchasers be MORE motivated to convert preferred into common at a higher share price? Sounds a little backwards to me. Most investors who make a deal to buy shares at a discount prefer the share price to be depressed so their dollars buy more shares.
Some might suggest that the higher price could be an indicator of something positive in the wind to the MFO purchasers and they might want to do some buying and holding.
Others might wonder why the MFO (and the purchasers themselves) were never identified and whether they might have "enhanced" access to things that might be in the wind.
Who the heck knows? (Maybe it's me but I would've expected the MFO to be identified in the Agreement.)

That's why I just noted the fact and didn't try to assess its meaning. If the market price stays over $.32 for a while then $.32 will become the new conversion price. That's pretty much all I've got.