Innovation Pharmaceuticals Inc (IPIX): The company doesn't have the $55MM of eq...

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Innovation Pharmaceuticals Inc (IPIX)

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Re: Pepperchino post# 89325

Monday, 01/26/2015 1:04:44 PM

Monday, January 26, 2015 1:04:44 PM

The company doesn't have the $55MM of equity on its balance sheet to meet the Standard 4 Nasdaq listing requirement. Management must be either expecting a partnership deal w/ upfront $ soon, or planning to issue shares from the Shelf. (Or they're blowing smoke.)

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