Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

Much of Cellceutix's debt over the years has been owed to Leo Erlich (CEO), Dr. Menon (CSO + President), and Kard (Owned by Dr. Menon's family). Kard performed the pre-clinical studies on CTIX's pipeline. Leo lent CTIX over $2 million. He and Dr. Menon deferred their salaries until recently. It was difficult to get funding in the early days. The insiders have supported it financially over the years which prevented excessive dilution to share holders over the years.



In Reply to 'JTORENCE'
Miles
Been following OPKO for about a year. Never pulled the buy trigger.Shame on me..

No matter what the price was, Dr. Frost(OPKO CEO) and insiders have been buying thousands of shares on a regular basis on the open market for years.

How about our CEO and insiders are they buying CTIX on a regular basis or are they leaving it to us retail guys to keep the share price up??