Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

The great thing about the USA is that one has the ability to vote with not only their voice but their wallet. If one is unhappy with progress of CTIX or has concerns about the drugs, management or anything else, sell the position. If one feels really strongly things are amiss, short it.

The continual whining of some on this board people gets old. CTIX owes you nothing. Investing in early stage Bio-techs is akin to flat out gambling. Data is limited and risks of miscarriage are high. CTIX's management may have not managed expectations well but Leo and Menon are not from the PR/Marketing side of the business world. My guess is if CTIX's CEO was, there would have been a more guarded and limited communication plan in place. We've been given a lot more data to date than most early stage bio-tech companies provide.

I've been in deals where nothing about the business was disclosed other than the market and who the founders were. Any data from CTIX is a bonus at this point but nothing will really matter until the results are in and or changes in the company warrant it.

I will be long this issue until something material happens, either positive or negative, at which point I'll re-evaluate my exposure. Right now, everything looks good.