Replies to post #13623 on Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

The minimum purchase price will be at a 10% discount per the agreement.

http://www.sec.gov/Archives/edgar/data/1355250/000135525012000054/purchaseagr_ex10z1.htm

(r) “VWAP Minimum Price Threshold” means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 90% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

These great terms are due to having been given 336,625 shares of common stock in consideration for entering into this agreement.






In Reply to 'smithrines'
well, it does'nt say Aspire will purchase shares at market price, it says based on mrket price. best believe the sales price will be at a discount based on current market price at time of sale imo. also,
Aspire was given common stock as part of the deal.