Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

You do realize that at the current share price, 16 million dollars is only 5 million shares of additional dilution. That is certainly an acceptable price to pay to see all of our planned trials through to completion.

Oh.. And there will be NO "takeover by a big pharma" unless Leo and Dr. Menon say so. They have controlling interest.

This contradicts the companies statement in it's last financials that they need 16 million dollars to continue operations for the next 12 months. This company has no revenue coming in and will not for quite some time. The 7 million cash that they have on hand is from previous dilutions..

Maybe ripe for a takeover by big pharma..imo - JTORENCE