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Innovation Pharmaceuticals IPIX
Posted On: 04/18/2016 10:20:09 PM
Post# of 72447
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Posted By: Drano
A reminder about the 1.70 level: The Ashcroft's firm payment is one million options to buy shares at 1.70. Therefore, they become very slightly profitable at 1.71 -- when they pony up the dough to buy shares. Does anyone think that the firm would be doing all this work because they think they'd make a few thousand bucks IF the stock gets to 1.71?

I think the Ashcroft firm thinks they will make at least a fast half million (stock price 2.30) if not much, much more.

Ashcroft firm knows everything that CTIX knows. They would not have taken this case with payment in options, if they did not feel certain that the stock was grossly undervalued at these levels.













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