Replies to post #357924 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

Keeping in mind that the Form shows their holding at 11/19:

Per the 10Q.
"In December 2020, the Series B-2 preferred stockholder converted a total of 1,183 shares of Series B-2 preferred stock into a total of 9,346,303 shares of common stock."

"Additionally in January and February, 2021, the Series B-2 preferred stockholder converted a total of 5,106 shares of Series B-2 preferred stock (from the exercise of Series 1 warrants) into a total of 58,600,942 shares of common stock."


I don't want to take the time to tie all the pieces together but it's pretty obvious that, if Kips held 21.2M shares on April 19, they had sold a shitload by then.