Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

The founders of CTIX, like the founders of all new companies issued themselves some start up shares at a value of next to nothing. The day they filed their documents of incorporation the shares were worth next to nothing other than the intellectual capacity the founders brought to the table and any seed capital they contributed. I don't know of a single start up whose founders did not issue themselves initial shares. This constant drum beat about founders shares is pure BS, no more relevant than the daily short sale figures we see every day also. If you think initial shares of a start up are so valuable then why waste your time here? Logic would dictate that you file articles of incorporation and issue yourself hundreds of millions of worthless shares.