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Innovation Pharmaceuticals IPIX
Posted On: 08/18/2016 10:29:13 PM
Post# of 72448
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Posted By: Dynabolic
Re: Drano #26532
But, Cellceutix still "paid" in stock (although, warrants at this stage), but I am assuming that Cellceutix will not or cannot or should not (all the same for argument sake) retract these warrants due to a ruling in their favor. Those warrants already exist, so to undo this, Cellceutix would need to buy-back the 1 million shares with the sanction money which should have a component equal to 1.7million (the price of the warrants)? Or would it only be the 432k? I have no experience with these things, I'll be curious how this all unfolds.













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