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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Dane, I think you meant to say P. Additional payme

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Post# of 72447
(Total Views: 380)
Posted On: 11/08/2018 7:09:16 PM
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Posted By: sox0407
Re: TheDane #50929
Dane, I think you meant to say P. Additional payment could come from the $250K mentioned in the 10-Q.

Quote:
Subject to the satisfaction of certain circumstances, the Company had the option to compel the holders to exercise up to $250,000 of the Series 1 warrants 30 days after the initial closing of the sale of the preferred stock. On November 2, 2018, the Company notified the holders of the warrants of the Company’s election to compel the exercise of $250,000 of warrants, which exercise is scheduled to occur on or about November 8, 2018.



https://www.sec.gov/Archives/edgar/data/13552...ix_10q.htm

Quote:
Partial payment made on B so they plan to get vs. “never” get results.



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