Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

PPS doesn’t tell the whole story. One needs to look at the market cap as well. When the PPS was at $2, I remember the outstanding shares were ~100M. So the market cap was ~$200M. Today the market cap is ~$150M. The valuation of CTIX dropped 25%, not 50% as suggested by the PPS.

How many trials did CTIX fail since $2? Hint, it rhymes with ‘hero’.

CTIX is almost HALF of $2.00 PS where many claimed they would be buying 'Boatloads'.