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Posted On: 06/14/2020 2:02:04 PM
Post# of 72440
Quote:
IMO the least costly plan for the criminals is to try to force a low price buyout of IPIX. They have started this campaign with the message board talk of $3-5 buyouts. I personally believe that Leo will laugh off any buyout offers under double digits
He has been selling the company for much less than that.
3/31/2018: 146M shares
3/31/2019: 182M shares
3/31/2020: 260M shares
260-146 = 114
114/260 = 0.438 * 100 = 43.8%
In two years, we have sold 43.8% of the company for some amount considerably under $50M dollars. I don't feel like doing all the math but it is likely closer to $30M.
Quote:
Leo has a poison pill in place to prevent any undervalued offers from forcing a buyout.
I wouldn't be so sure of that. Those warrants for Class B voting shares expire this year. If our sale of shares continues at the rate we saw last quarter, a hostile takeover could occur within a year if he doesn't exercise more of them very soon.
We need that sweet COVID money ASAP.
Go IPIX!
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