Innovation Pharmaceuticals Inc (IPIX)

[Drano]

I've mentioned my theory that he thought the FDA wouldn't be so fast to update their website, since they've been so painfully slow in the past -- thus was caught flatfooted by Ericseb's sleuthing (and others) which discovered the info on the FDA website. Hence the late press release. Part 2 of that theory is that he was saving up the info for a press release that would include other info, but once kitty peeked out the bag, had to PR it separately. Again since I have no psychic powers and can't tell what's going on in corporate HQ, this is just rampant speculation.

I found it very odd that there would be a second thing on the wire, not a 2nd press release by the company, that "CTIX CEO confirms FDA designation" and my recollection is that the very short article was my first awareness of the rumor that this was another internet fraud. Those kinds of frauds always tarnish (unfairly) the company that was the target of the fraud -- so that rumor might have also forced the press release out ASAP.

Like you say it doesn't matter, just something that will be interesting to ask about at the next shareholders' meeting -- if we even remember this by that time.