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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Dan, excellent points! Only IPIX insiders could’

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Post# of 72447
(Total Views: 525)
Posted On: 11/21/2018 1:50:16 AM
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Posted By: sox0407
Re: DanDruff #51196
Dan, excellent points! Only IPIX insiders could’ve created the 105b-1 Plan before the lock-up agreement. That’s why past tense like “provided that such 10b5-1 Plan existed or was entered into prior to the date hereof” was used. Even if someone argues the MFO is a major shareholder with insider information, they owned zero share so there’s no way such plan existed before the agreement. Therefore it’s only logical that the lock-up agreement is talking about IPIX insiders.


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