Innovation Pharmaceuticals Inc (IPIX)

[TheMonolith]

It's not a contradiction, but maybe lost in translation made it look that way?

I don't mean suddenly showing up on the new exchange. I mean in the announcement that they have been approved. I appreciate seeing an example of a company announcing up-listing with the announcement of filling the independent board.

I'm probably succumbing a little to fear on this issue after seeing that the NASDAQ requested more information. We obviously aren't privy to all the information. I think it will be tough for CTIX to get approved, unless they have a strong independent board. Maybe a partnership is waiting for the granting of P3. I believed that last December based on what Leo was saying. Maybe that partnership is all but done, and the board is being filled with one or more people recommended through the partnership. That would be pivotal in getting approval, I would think.

My perception is that the majority of the longs here believe that NASDAQ is a given, and that the tri-fecta is highly likely. I'm worrying that the delays on both fronts are lowering the likelihood. I've invested long enough to know that one should always be cognizant of these things. My basis is much higher than most here, so my risk is higher.

If CTIX is up-listed to NASDAQ in the next 60-90 days, and receives favorable designations into P3, I'll sing the praise, especially if a partnership is announced shortly after. Right now, I'm a little skeptical, forgive me. Leo hasn't fully earned my trust, and I think it is safe to say the market is trying to gauge this as well at current market cap.

I don't think it is fair to say that it is highly unlikely that there will be no NASDAQ up-list before Q4, and no partnership after being granted P3 that could still be many months out. Interesting to watch.