RE: Share Pricebut with a financing coming up in the next 2 months based on this they expect to raise money higher than $0.40
One of the problems is that Pender owns 1.49M shares, and IPX has 15M shares outstanding. If Pender increases their holdings to more than 10% they have to record 10% of IPX's losses as their own as well IIRC.
Is Pender going to be buying in on the PP? Or will it be another note or bond or convertible debenture? Will IPX find a different investor to join the party?