Replies to post #336142 on Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Exactly, the suckers are those who keep buying shares at face value... The billion shares outstanding marches on... Leo will entice buyers with 30 plus CV19 press releases and dump shares at discount to his toxic lenders who could care less about IPIX's future... Nice way to operate a business...

[FatAlbert1986]

And who will be buying those converted shares?

[olden_grumpini]

Very good summary of the deal. You asked about math, and I see one thing that needs fixing:

$1,080/$.145 = 745 shares

This is actually 7,448 shares.

Pretty sweet to have a 40% profit on day one. Sell or hold? Show of hands?

There's a fig leaf that implies that the "investor's" ability to convert to common shares is being throttled (the $75,000 per day bit). But right after that is this:

However, the conversion cap will be increased if the trading volume in the first 30 minutes of any trading session exceeds certain trailing average daily volume amounts.

This tells me that if there's good news this "investor" gets the green light to dump. And people wonder why the stock has been unable to rise on promising PRs.