Replies to post #336441 on Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Olden exactly, this equity is dead and why the smart money left as the RBL took so long and Leo failed to add a partner and grant funding. This is from the same company that was bankrupt if not for the rally to .65. That enabled the MFO to cash out and drew Aspire back in. Now, Leo’s only chance is for trial results to be so great maybe he’ll be able to sell the company. Hoping for a buck but can also see this trading down to a penny.

[loanranger]

In a nutshell:
(3053 x 3 x 982.50) + (2036 x 3 x 982.50) = $15M.

That's IF all warrants for Preferred are exercised.

Any Preferred will be converted to common and almost certainly sold or it wouldn't have been acquired in the first place.

How much common will be added to the outstanding?
$15m/conversion price = X.