Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

From Karin's Q&A back on Feb 9th... It's obviouse if Leo submitted an application back in February they were nowhere ready to satisfy all the requirements... Example: BOD's weren't announced until mid-April... My guess on up-listing is mid-June...



http://seekingalpha.com/article/2898526-an-interview-with-cellceutix-ceo-leo-ehrlich


Q: I'd like to jump right into this with CTIX's plans to uplist to NASDAQ. On January 26th, you issued a press release as follows. "Cellceutix is also pleased to inform shareholders that due to recently reported positive events, the Company is actively moving forward with its intentions to uplist to the NASDAQ exchange and is meeting today with its legal counsel, K&L Gates, to review the Company's application for a move to the senior exchange." Can you please advise on what are your current plans?
“

A: We began the process of uplisting last Thursday (February 5, 2015). We've now submitted our listing application and paid the application fee, so the process to move to the NASDAQ Capital Markets is underway. In conversations with NASDAQ and our counsel, the formation of the Board with independent directors and requisite committees can be completed during this uplisting process. Right now, we have qualified individuals wishing to join our board and will announce developments related to the uplist as they happen. Potential Director names will be first submitted to NASDAQ for a vetting process to make certain that they are acceptable before we can disclose anything on that front.