Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

Complete nonsense. IPIX is in the real business world, it just happens to be biopharma. Compared to so many other biopharma startups, Leo et al has been very frugal. 100% dilution is nothing after 11 years and IPIX is still around only 50%. In the real world, my experience has been and still is that most biopharma startups suffer 1000% dilution at 10+ years and reverse split with one drug in the pipeline in order to finance entering mid-stage clinical trials. Leo has done an excellent job of managing corporate development and survival while now IPIX is on the cusp of revenue producing partnerships.

In the real business world ipix would be toast after 11 years of no sales or viable lending.