Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

For those CPA types out there... did the Menon transfer to Aurda constitute a taxable event? My gut says yes and that would be a huge drag on share price. 50M+ dollars in taxable income = big tax liability if that is how the IRS sees it. He and his lawyers will need to generate significant $$$ if they are getting hit with taxes. It's been too long since I've been in that level of detail so perhaps others can offer a more educated opinion.

You are correct about taxes and visibility. Based on last year's gains, I knew I would have a big liability, but my team is only now letting me know how big that payment will need to be.