Innovation Pharmaceuticals Inc (IPIX)

[monkeyplay1]

Questions for BigKahuna and Noretreat, why Leo couldn't wait to file S3 until he got bottom line data, which he told us was due in 'weeks'-1 week pasted?

Here is my analysis,

good-he had cut deals with institutions yet to be named to raise certain amount of capital. The arrangement could be that those institutions have to buy from open market. Those kind of things happened to other companies. To move things fast, he filed S3 just to be ready. In this case, we should expect announcements in next few trading days?

bad-he just wanted to test faithfulness of those 1700 individual investors, to see how much you could raise from retailer investors to prepare his plane to go alone until phase III B is done. In this case I believed we could say that so far top line data for B has not attracted much interests, or the level of interest is not what he expected?

ugly-he saw the bottom line data could be controversial. He wanted to raise money anyway to propel his plans. So he is going to dump stocks to get money before the bottom line data is revealed.

What do you guys think?