Innovation Pharmaceuticals Inc (IPIX)

[TheMonolith]

Thanks JB for doing the legwork. It is then possible that Leo accessed the final $9.6 million leading up to SF. What was the rule again on what price they receive? 10 day average? That would mean it is possible that he received $4+ for the money, if true that he accessed the cash. That would be over 2 million shares that Aspire would probably be quick to want to dispose of.

I think this is far more possible for the decline than the other conspiracy theories out there.

Leo's emotional release towards the shorts, and talk of up-listing even after the FDA asked for data makes me believe it is very possible. I have lost some trust in the near term for CTIX management, but understand it would be a justifiable thing for the longterm shareholder in the form of less dilution. Remember, Leo talked about maximizing that. He mentioned that they may seek other partners. Did he upset Aspire?

We will find out eventually if this is what happened, but not for a while.