Innovation Pharmaceuticals Inc (IPIX)

[smilingra]

Agreed about the Class B shares. I think it's a "poison pill" thing.

Right now, we need to be on the market in order to fund the company. But being on the market exposes you to having someone swoop in and buy out the company. (And a smart big biopharma could easily plop down $500 million and grab us.)

By having that provision in place, no one can buy us out unless Leo and Menon agree to it. Now, of course, I'm with you in that if they start to abuse their power, it's time to head for the exits, but so far, I see no reason for why they would do so.