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Innovation Pharmaceuticals IPIX
(Total Views: 444)
Posted On: 10/13/2018 12:13:51 PM
Post# of 72444
Posted By: Capitalgain
Re: Drano #49790
I was asking about a particular requirement in the financing agreement as noted here from the 8K

In addition, the holders of the preferred stock may not convert shares of preferred stock if, after giving effect to the conversion, a holder together with its affiliates would beneficially own in excess of 9.99% of the outstanding shares of the Company’s common stock.

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

I find this financing agreement quite complex and wanted to hear other posters view in order to identify how dilutive it could become, I for one believe it could be much more dilutive then what is currrently accepted here.

But never mind I think I have a pretty good handle of how dilutive it can be and will take that into account.

So all there is left to say is congrats to you, you have successfully managed to chase another investor off this board.













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