I repeat: you guys were all complaining about the
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I repeat: you guys were all complaining about the Aspire financing and saying that the company was being hosed by Aspire. Now they have other financing, and with no evidence whatsoever, you accuse the new company of screwing IPIX over.
That's because the Aspire terms have gotten progressively worse into 2018. This MFO deal is even worse than the last Aspire deal you just can't seem to see it because of the preferred share structure and odd beliefs about the buyback clause.
The MFO deal is better than running out of money next month but the clock is still ticking. I suspect the stock price will take a beating every time we go to the MFO well right up until we get a large deal.
Now, as to your theory that the MFO believes in IPIX and stands to make money if IPIX succeeds, that is true. Since that is true, it's even more true that they would want as much of the company as possible. So, in the meantime, the lower the stock price, the more shares of the company they get when IPIX goes to them for funding. As Sox explained this is how the convertibles work. They are a lender of last resort.
Anyone who thinks this MFO has shareholder's best interests at heart is foolish.
These guys are not our friends and I hope to be rid of them ASAP. They want IPIX to succeed in the end but in the short term they benefit from eating up as large a percentage of ownership as possible, reducing the stock price, and reducing their risk all in one fell swoop.
That said we're better off this Friday than last Friday. So we have that going for us.