Innovation Pharmaceuticals Inc (IPIX)

[Ernesto]

It will hurt a bit whether we give away most of Prurisol in a partnership or sell stock. I'd expect we'll need to sell 30-50M shares to get through B, B-OM and P Phase 3s and have Kevetrin running two or three phase 2s. That's 20-30% dilution from here but it will be massively increasing shareholder value.

Have to spend money to make money.