I believe IPIX will hit all 3 milestones by 9/30/18 but in doing so could make the Aspire milestone payments unnecessary. The agreement takes the average price over the previous 5 days as the price that Aspire pays and the share price has to be a minimum of 50 cents. Any milestone announcement on Monday 9/10/18 for example would take the average closing price of the 5 trading days this week which would be around .435 or under the .50 minimum. I believe this is why the MM’s and others are trying their best to keep the share price under 50 cents but they are in a losing battle. A 5 day average share price under 50 cents at the time of milestone announcements is NOT a bad thing for shareholders. For example let’s say IPIX announces a BP royalty deal early next week that included $50M upfront with a 10-15% royalty of worldwide sales plus funding for a Brilacidin phase 3 study. If IPIX received $50M upfront or the equivalent of 4+ years of their current operating expenses why would IPIX want to sell an additional $5M worth of shares at a ridiculously low price with further dilution especially if IPIX share price gaps up to $3+ the day of the announcement? I personally believe that Leo drew the line in the sand for 9/30/18 as a strong statement that the 3 milestones or events will indeed happen but as they come to fruition the funding associated with these milestones will not be needed. JMHO
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Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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Category: StocksTotal Views: 173 By : Lucas YoungUpdated: 08-14-2024
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