Replies to post #347656 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

Thanks. I just noticed something else that may answer a question or two:

Per the 10-K (y/e 6/30/20):
"As of June 30, 2020, there was no Series B 5% convertible preferred stock was outstanding."
Hence there was no Preferred to convert to common as of 6/30.

Per the Leviston 13G filing:
"June 29, 2020
(Date of Event Which Requires Filing of this Statement)"
"AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,665,734 shares of Common Stock Class A"


Soooo....
The Kip's Bay holding of 21M shares on 2/9/21 COULD NOT have come about as a result of additional conversions from the FIRST Preferred deal even if KB was somehow magically connected to Leviston.
They either came from conversions from the most recent Preferred deal or a separate unreported (and hence improper and highly unlikely) issuance by the Company based on a separate deal.


That's my story and I'm stickin' to it (at least until the 10Q comes out).