Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

Today should be a wild ride for the markets. It looks to be a really strong open but like yesterday's action, the futures aren't always a great gauge of how the trading will go (both up and down). Significant damage has been done to the market. China is in full panic mode with stock market crash underway. Any companies with significant exposure there will be hurt (tech, raw materials, etc). Tim Cook actually sent an email to Cramer telling him how well Apple sales were in China, that smells like trouble to me (and is close to illegal if anyone really cared).

I'm hoping that CTIX regains some of its footing on the market rebound today. I expect we'll be in a range until substantial news is announced on the trial front from Leo. I'd love for a partnership to be announced but I think Leo is swinging for the fences and won't settle for anything less. In three years we'll be able to look back and judge that as a brilliant move or a serious mistake.