Innovation Pharmaceuticals Inc (IPIX): Not sure I understand the downward press...

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Innovation Pharmaceuticals Inc (IPIX)

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Tuesday, 01/31/2017 11:48:50 AM

Tuesday, January 31, 2017 11:48:50 AM

Not sure I understand the downward pressure of price. Is it related to the company issuing shares to public or Aspire? Or is it shareholders selling?
Bottom line for me is that prurisol is not price into the stock price and the only remaining concern for people seems to be cash position? Does that mean if the company had 100 million cash on hand that the price would be a lot higher based on pipeline status?

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