Innovation Pharmaceuticals Inc (IPIX)

[sixmilliondollarbios]

Good post. I don’t have the same faith as you in Prurisol. I think the results would need to be spectacular for Leo to get a deal, low odds. And I think the market place is crowded which makes getting a good deal more challenging. But right now Leo has a money problem. If the share price breaks the low it ends up in the .40’s - .50’s which I think is likely. Leo will need to sell that many more shares to Apsire and the buyers aren’t there to support it ( death spiral). This ultimately becomes the problem with these arrangements. It’s a game of time and Leo has waisted a lot of it. Consider how long the B-OM trial took. With that many more shares flooding the market the .50’s becomes dangerously close to the .25 floor as per the Aspire agreement. It won’t even take bad news at that point. Look at the recent B-OM news. Was it bad? No. It’s just not good enough imo and the sample is too small. But a .30 plunge was the result. Having a lot of exposure now is imo unwise