Replies to post #376790 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"He's likely selling his 11 cent options w/o reporting."

They're long gone. He's GETTING shares and options without reporting nowadays. Who knows what he's selling...

From the current 10K:
"Based solely on our review of copies of such reports filed with the SEC and written representations of our directors and executive officers, we believe that all persons subject to reporting filed the required reports on time in fiscal 2021."

BUT....
From last year's 10K:
"Based solely on our review of copies of such reports filed with the SEC and written representations of our directors and executive officers, we believe that all persons subject to reporting filed the required reports on time in fiscal 2020, other than (i) a Form 4 for each of Dr. Bertolino and Ms. Harness due on September 4, 2019 and filed on September 6, 2019, and (ii) a Form 4 for each of Mr. Ehrlich, Dr. Schechter and Dr. Spektor due on February 25, 2020 and filed on or about September 11, 2020."

None of the Item (ii) Form 4s were filed on September 11th or any time since (Bertolino and Harness filed theirs as indicated).
They were required based on:
"On February 23, 2020, the Company issued (i) options for the purchase of 500,000 shares of Class A common stock at an exercise price of $0.10 per share, which is 110% of the previous per share closing price of $0.09 on February 21, 2020, and (ii) 500,000 shares of Class A common stock to each member of the Company’s Board of Directors, consisting of Leo Ehrlich, Barry Schechter and Zorik Spektor."

[BonelessCat]

The number of shares has never been under 100 million for IPIX or CTIX. The company began as CTIX with issuing 100 million shares. From 100 million shares to under 500 million shares in 12 years while funding a dozen trials is actually somewhat rare or even unprecedented in biopharma land.

Their mindset is still at 10 years ago when the total OS was under 100M and the daily volume was under 100K shares.