Innovation Pharmaceuticals Inc (IPIX)

[TheMonolith]

My take on the weekend email to Karin.

My opinion only, and I know it won't be popular. Doesn't change my view on the science or long term. I haven't sold a share, and don't anticipate it soon.

Leo botched the up-listing expectations. Sounds like he thought the market would react better. I thought it would to, and find it a head scratcher. He probably should have never talked about up-listing, but instead PR'd the expectations in September.

Trust may be 100% with the longer term holders here with low basis, but not with the newer money, higher basis players of recent times. I don't think the recent events hurt the trust, but they did expose an error of judgment. I believe Leo thought for sure the recent news would catapult the stock much higher, and up-listing would have been a breeze. Instead, the market has not cared enough. OTC, blah, blah. Yes, that plays a part, but it's not the whole reason. The market hasn't trusted or been compelled by the data yet. Either by confusion, lack of details, or not being disseminated well, or some of all of these.

While some may love his mention of shorts, I think it was something he should never do. I don't think a CEO should ever talk about that. Much like he handled the buyout question, he should use the same tactic if ever asked about shorts. He proactively talked about them. Almost blaming them for why the stock isn't higher. Instead, should be working on convincing the right entities and seeking why they have shrugged their shoulders or not seen it at all.