Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"LR, I found the compensation agreement between CTIX and Leo."

We (you, actually) have a language problem. Your use of the phrase "a compensated contract for rescuing the business" is starting to take shape for me. I don't think that I'm the only one who thinks that "compensation" in the context of an employer/employee relationship refers to salary, options and other things to be provided in exchange for an employee's services. Usually those things are described in an employment agreement and that is what I thought you were referring to.

What you're calling a "compensation agreement" has nothing to do with the normal duties of the CEO and isn't an employment contract as everyone I know understands the meaning of that phrase. You have reproduced references to Ehrlich's loan agreement(s)....they bear no relationship to his compensation.
If it was your intent to suggest that the terms of his loan agreements were favorable based on what you call "rescuing the business", then that is what you should have said and I would have understood it. But to call his loan agreement a "compensation agreement" or a "compensated contract" misled me.

You perpetuate the confusion when you put these two sentences, which have nothing whatsoever to do with each other, in sequence.
"I found the compensation agreement between CTIX and Leo. Leo clearly has enough ownership between shares and other rewards to survive any down-fall to this company."
By using the phrase "compensation agreement" when you meant "loan agreement" you rendered that combination of statements meaningless.

Whatever your point might be remains well hidden in your explanation. I see that you've continued the process in your follow-up to someone else:
"He's the largest holder of assets".

It is no more correct to describe the CEO that way than it was to say "He and Menon have rights to the drugs". Both are mistaken and misleading.


I'm not sure what your point was in making this statement in the first place....
"It's my opinion that Leo/Menon will be rewarded with or without CTIX staying in business"
....so I don't think an explanation of what you feel makes it true is a worthy pursuit. However, if you would like to try again, please try to use language that is more universally understood.

I'd really rather see a response to my earlier question anyway:
There's no real existing basis for this premise, is there?
"If CTIX files for bankruptcy and goes private or dissolves...."


BTW, this isn't really a "debate", is it? I thought I was just trying to get a better understanding of wtf you've been talking about.