Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

I think Ehrlich has mentally shuttered IPIX, and is waiting expectantly for the inevitable SEC suspension and subsequent delisting.

As IPIX is a limited company he will have no personal liability for the approximately $1.5 million owed to Cummings, and he will use the resulting bankruptcy to explain why shareholders receive nothing once the company is wound up (shareholders are always bottom of the list, behind even the employees whose improvident actions (that's being polite) caused the bankruptcy).

He will hope avidly and probably successfully that no one ever really follows the money, particularly his shark-jumping gift of $4 million to an off-shore private company and the issue of millions of cheap shares to his Aspire and Kips' Bay buddies.

It's penny stock grifting 101, and IPIX isn't Leo's first rodeo.

[Empiricst1]

Spots, what do you think is happening here, if anything?

[loanranger]

Were the Directors foolish to resign? Will CEO Leo Ehrlich ever be heard from again?

Will these be the last words the public ever hears from this Company?

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 31, 2024, Barry Schechter and Zorik Spektor each resigned from the Board of Directors of Innovation Pharmaceuticals Inc. (the “Company”), effective immediately. Their decisions to resign were not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices.

Item 8.01 Other Events.

As previously disclosed, on January 22, 2020, the Company filed a complaint against Cummings Properties, LLC (“Cummings”) in the Superior Court of the Commonwealth of Massachusetts (C.A. No. 20-77CV00101), seeking, among other things, declaratory relief that the lease relating to the Company’s prior principal executive offices terminated in September 2018 rather than automatically extending for an additional five years. On August 29, 2023, the trial for this case commenced, and on January 18, 2024, the Court ruled in favor of Cummings, finding that Cummings is entitled to recover liquidated damages in the amount of $810,251.36, minus the Company’s $77,600 security deposit, plus eighteen percent per annum interest owing since January 17, 2020. The Company intends to appeal the decision.

The End?

[TheHound]

You don’t own Brilacidin. You don’t own Beamed. Neither does IPIX. You’re a fool.

[frenchbroad]

You’re pumping a ticker that isn’t even tradable.

This is funny. It is possible to make false promotion of a thing which can not be bought?
I say only what I own.
Go find the mirror clown. Maybe you will need to clean the faeces from it first.

[TheHound]

IPIX is dead. You’re pumping a ticker that isn’t even tradable. Clown.

[frenchbroad]

16000 posts who say all the same: Ipix is bad.
We can say 2 minutes to read a post. An other 2 minutes to write reply and find a new silly name for Mr. Ehrlich.
It is 64000 minutes. 1066 hours of work. Maybe much more.
All for a thing you say is nothing.
Days and weeks and months. You have Lost Them All.

[zandant]

"When positive news breaks, buying will be a free-for-all". LOL. Doubt there will be any positive news but how do you propose there to be a buying frenzy? Will the wasteland known as the "Expert" market suddenly open its gates for a day to accommodate this imaginary press release and allow this buying free for all? You are living in the land of make believe and lost investments. False hopes/ignore reality.

[zandant]

Maybe the recluse, Lost It All Leo, can do a Google Search press release. This debacle is an absolute disaster. If Brilacidin was as great as you believe it to be, this pile of junk would not be on life support. And given Error Prone Ehrlich's track record, I seriously doubt BeaMed will pull Ehrlich out of the sewer. If BeaMed is a great as you believe it to be, why would the Laser Boys sell such a large percentage to the idiot for $4 million - a lot for cash-strapped Ehrlich in a move that left his company with no funds but a pittance if the Laser Boys believed their product was a blockbuster. Doubt the Laser Boy would be so stupid. "A fool and his money......" Your IPIX portfolio must look like a nuclear bomb went off.

[MackG]

Nearly 5000 views already this morning on that message board, but practically no post activity for quite some time. The number of views ramping up so quickly tells me there is now a much greater awareness and interest in IPIX. The big question is why? Thousands of people are now checking in waiting for positive news to be announced, imo. I like that there is a minuscule number of shares being traded with no chance of any major accumulation as investors shares are not for sale. When positive news breaks, buying will be a free-for-all.

[frenchbroad]

Innovation Pharmaceuticals now in top of the list of world Brilacidin patents when you look by publication date:
https://worldwide.espacenet.com/patent/search?q=brilacidin

Almost 100 new Brilacidin publication in Google Scholar for the last year:
https://scholar.google.com/scholar?as_sdt=40007&q=brilacidin&hl=en&scisbd=2
800 and more total:
https://scholar.google.com/scholar?hl=en&as_sdt=40007&q=brilacidin

This is what I own. Also a wee BeaMed. They add a COO in January.

[AngusPorter]

It’s like a bad crash on the HWY, this wreck will have lots of casualties and everyone is watching.

[realscottsmith]

People sure do like to rubber-neck.

[cellardwellar]

Now over 11k

[leavetheguntakethecannolis]

"Just as there is no sensible reason to hold IPIX shares at this point."

Same as posting here multiple times daily on a "dead company".

[loanranger]

And the sensible reason anyone would do that professor?

There isn't one. Just as there is no sensible reason to hold IPIX shares at this point.

[williamssc]

I just checked 9050 views. I haven't looked at that site for many months. Thanks

[leavetheguntakethecannolis]

And the sensible reason anyone would do that professor? Makes as much sense as a "shareholder" continuously disparaging a company on a daily basis. Because that would never hap...

[leavetheguntakethecannolis]

"Intellectual curiosity" of course.

[leavetheguntakethecannolis]

The BeaMed investment will make it entirely possible to see this scenario to fruition.

[sunspotter]

"Ipix will continue and sleep until after BeaMed asks USA FDA to approve the new laser system."

As Leo Ehrlich has decided to spurn his legal obligations to file periodic reports required by US law (I wonder why?), nobody knows whether IPIX retains any interest in BeaMed's (by definition generic) laser technology or its current book value.

To gamble that Ehrlich has finally done the right thing after decades of ripping off his victims would seem to be a poor bet.

[loanranger]

Some goober (probably goobers) discovered that you can add to the board view count by just refreshing the page. And you don't even have to be a board member to do it.

Even funnier is that you find that statistic meaningful.

[MackG]

PJ, I just checked and the IPIX views are now 6,522. That sort of activity demonstrates a huge amount of interest in this so-called "dead" company.

[PJ007]

Views are now over 6100.....very strange....

[Vlady 1]

E trade doesn’t sell anymore ..

[loanranger]

There's no mention of it on the docket.
I don't know what "Review Appeals Filed" means.
When the item first appeared on the docket in April it said:
"Review Appeals Filed 03/11/2024 05/08/2024"
I believe that that was the basis for olden_grumpini's comment

Now it says:
"Review Appeals Filed 03/11/2024 06/12/2024"

IPIX filed a Notice of Appeal on 3/7 but that's just a statement of intent. An actual Appeal is a comprehensive filing providing a detailed basis.

I think.

o_g? Any thoughts?

[Harry Wickey]

My question is who is buying these shares that are now trading. The only answer I can come up with is; they are Market Makers who accecpeted short orders. All these trades are short coverings or closing out short positions. The stock wasen't totally delisted because there are still outstanding short positions, when those positions are all closed not sure what happens. Remember for every transaction there is a buyer and a seller; Buyer = short holder, seller = MM.
This is just my opinion.

[williamssc]

I couldn't care less what come out of the echo chamber it's always been the same. Here's what we know. With fungal infection reported on the rise, the fact of the matter is we have a brand new patent app combining Bril with caspofungin, which together have shown to be an even more effective antifungal for combating life threatening infections.

[sunspotter]

"That is not cutting it....we all know that you all have an agenda on why you are really here......you can come clean sunny and just admit to it..."

If you were capable of doing the slightest amount of real due diligence, you would know I post on the messgae boards of many penny stock scams such as IPIX, not least for the reasons listed in my profile and my sticky post.

But then, if you were capable of doing the slightest amount of real due diligence you wouldn't have "invested" in IPIX.

Anyway, it's fun, and I get to make friends and influence people. Like you and all my other IPIX chums.

BTW, I will still be here on thei MB when IPIX is delisted, and the so-called IPIX longs are long gone.

It's what happens to all the penny stock scams in the end.

[sunspotter]

"The appeal of the judgment against IPIX is due to be filed on May 8 (per court website). If that happens, it would be a signal to me that the CEO is still involved with IPIX.

You can check the court website yourself. Here are the directions: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164059214";

My previous post was in error - my question should have been: did IPIX file the appeal on schedule?

[PJ007]

That is not cutting it....we all know that you all have an agenda on why you are really here......you can come clean sunny and just admit to it....

[sunspotter]

1) See my sticky.

2) To make fun of you.

[PJ007]

Why do you and sunny spend so much time and energy on a dead company?? Why, why, why?????????

[loanranger]

"Sure is a lot of views for a "dead company". 😁
How can this be?"

It's nonsense, obviously.

[MackG]

Logically, if these individuals really believed that IPIX is dead and worthless they would be gone... unless... their incentive for spending so much time here every day echoing their doom and gloom mantra is quite opposite from the content of the messages they post. Obviously, the answer is the latter of those two choices, imo.

[loanranger]

Have you appealed to your broker Fidelity based on "accredited investor" status?
"The SEC defines an accredited investor as someone who meets one of the following three requirements:

Has an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expects to reasonably maintain the same level of income.
Has a net worth exceeding $1 million, either individually or jointly with his or her spouse.
Is a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered."
https://www.bing.com/search?form=MOZLBR&pc=MOZR&q=%22accredited+investor%22+definition

Still trying to help in spite of your occasional insult. I figure if anyone deserves to own more shares of IPIX it's you.

[sunspotter]

Any news from court yesterday? Did IPIX actually show up for their appeal against a manifestly rock solid verdict against them?

[zandant]

Talk is cheap. The only thing cheaper - IPIX shares. .0004. Abysmal.

[zandant]

No communication with shareholders is unbelievable. Ehrlich is an absolute disgrace.

[zandant]

Lol. You win. Dumbest poster on this board.

[leavetheguntakethecannolis]

Sure is a lot of views for a "dead company". 😁

How can this be?

[george h]

Another IPIX board has had over 4000 views today and no posts since 4-19-2024!
I hope they're all long and strong holders who will not settle for peanuts.

[frenchbroad]

This is a message board for discussion of Ipix for the good and bad and between. Social media activity on Ipix is a interesting subject. On a Ipix message board are 6 persons who "volunteer" and "moderate" discussion. For me for a long time it is interesting than 4 of these 6 say Ipix is nothing and is dead and is not worth talking about. Many times every day. Of course it is not logic. See smoke and sure there is fire.
The Brilacidin science and patent library continues to grow. I continue and look for how to buy more in a silly price.

[snayeman]

2nd quarter is almost 1/2 over and not a word from bmed or Leo! No idea if it’s still on track to be approved! Hell we don’t even know if Leo has kept the partnership together or defaulted on it somehow! Do you have any info?

[frenchbroad]

Yes. Ipix will continue and sleep until after BeaMed asks USA FDA to approve the new laser system. That will occur next month.

[leavetheguntakethecannolis]

Sure is a lot of chatter for a "dead company". Hmmmm.

Carry on fellas. 😉

[Luckytouch]

From your lips to God’s ears.

[BuckBuckBuck]

Not Dead, just Comatose.

[AngusPorter]

Pumper… you have no idea what is happening, you think posting that crsp is going to bring Leo your hero out of the hole? That dude is long gone…

[AngusPorter]

Come on this POS is dead…