Innovation Pharmaceuticals Inc (IPIX)

[havendale]

The good, the bad and the ugly. In reverse order, the ugly is that we are still listed on the pink sheets, OTC bulletin board or whatever its called.

The bad news is that we are invested in a company that does not reflect its true value, at the current price of $3.50.

The good news is that its ending shortly.
While I maintain that the CURRENT fair value of this company is $5.50 to $6.00., we all know, including Leo, that it will not be reflected while we are listed here, hence the new push to the NASDAQ and we see that valuation within a month after listing.

Then a triple from there, to close out 2015 at $18.00 to $20.00. Leo raises the $75 million when stock hits 12. to 14., thereby only diluting by 5-6 million shares. I wouldn't be surprised to see another small acquisition in 2015.

I continue to accumulate , as I have for 3 years now, and I maintain our patience will be rewarded shortly, starting within months.

Well those are some of my thoughts on how this may play out in 2015, and I think ultimately we are bought out in 2016.

Great long weekend all.