Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"He has loaned the company what 2 million?"

A little more, actually. And he's been collecting $200,000+ in interest annually on it for a number of years. He also "received" 2,000,000 Equity Incentive Options exercisable at $0.51 per share, which are currently worth another $2,000,000.

He made himself quite a nice deal.


(Cue the chorus: "But he saved the company!")