Innovation Pharmaceuticals Inc (IPIX)

[TOB]

Except that's a selective reading of the guide which is just an overview of a complicated process that includes discretion and discussions. All three of the Capital Market standards also reference a closing price, including the Market Value which has a closing price alternative of $2.

I think the bottom line is we just don't know. And that "we" included the CEO being advised by very competent attorneys specializing in up-listing. Why? For the simple reason being NASDAQ exercises discretion and they conduct a discussion with the company after the application is filed. NASDAQ has their own process and timing. As we are applying to join their club, we await their decision on the pending application.

I highly doubt the CEO being advised by expensive up-listing attorneys simply didn't know of an obvious requirement based upon the simplified "Initial Listing Guide" and was blindly wondering what the delay was while being below obvious requirements. I think the only thing we really *know* is that the application is still pending as it wasn't rejected, and the discussions with NASDAQ resulted in they're deciding they wanted to see a higher share price.

I do know what I believe though, and that is we will see CTIX trading on the NASDAQ. The exact day this happens doesn't matter to me. I also absolutely believe it could have happened last May, but for the decision and discretion of NASDAQ who chose to delay it.