Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Congrats on making a profit! It is a good feeling no matter how big or small. I doubt the SP will fall back to the $2.50s though. Couple reasons:

1. B-ABSSSI is about to replace a drug which does ~$1B in sales this year. It is not often you can say that. A 20% royalty would give CTIX a minimum $2B market cap, which translates to $18.80 per share.

2. Government incentives such as the GAIN act and QIDP speeds up the development of B, therefore makes it more valuable and desirable to the BPs.

3. A successful phase 2b trial will have positive implications on B-OM. B-OM should start phase 2 in a month. It has a big market similar to ABSSSI. It will capture most of the market since there is no effective treatment yet.

4. Positive data will also validate the whole defensin mimetics platform. What kind of price can you put on that?

After 1M volume days like last Friday and this Monday, I was sure today will have < 1M volume and a lower SP. Boy was I wrong… Today tells me that more and more investors are aware of CTIX and the run-up is nowhere near the finish line. September was definitely a month to remember for us shareholders. Bring on October!

Sold my remaining shares, 24k, ave $2.97.

Will await input on when to buy back in. The back and forth has been informative and fun.

See you at $2.45.

Have fun with that. If instead it goes straight to $4.00 I'll be applauding. Promise.