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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Actually the facts have not changed. There is no

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Post# of 72446
(Total Views: 371)
Posted On: 11/13/2018 11:03:35 PM
Posted By: Mo
Re: Commando911 #51101
Actually the facts have not changed. There is no listing of exchange on the warrants and the MFO is BUYING shares and are prohibited from selling until mid- January thus the outstanding share increase due to the MFO exercising warrants does not affect daily volume. The 8k correction reported on the 10Q was ON THE DATE of 11/2/18 vs 9/30/18. Assuming the MFO exercising warrants is responsible for the majority of the below increase since 9/30/18 they have added approximately 7.5M shares. Remember there is a 9.9% maximum position that the MFO can have so at the current outstanding share count they could exercise around 9.5M additional shares which would bring the total to 181M shares. If Leo can get a partnership deal with less than 200M shares then he needs to be the next US Treasury Secretary once IPIX is bought out so he can fix the US debt of $21.7T My understanding of the total outstanding share count per date is:
6/30/18-8/27/18=======163,103,927 shrs
9/30/18=============163,676,190 shrs
10/9/18-11/2/18=======169,231,216 shrs
11/2/18-11/12/18======171,282,118 shrs
Leo also has a call-back provision in the MFO deal so it is possible additional shares will not be exercised.


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