Innovation Pharmaceuticals Inc (IPIX)

[LilyGDog]

58nout,

I agree 100%. This company could not be headed in a better direction. IPIX has had their share of attacks over the years but as we all know, hard knocks and challenges in life make us stronger and that's what I think IPIX had to go through. Once we get the Prurisol and BOM results we will be off to the races. That will set us up nicely for a partnership and then the NASDAQ.

Go Leo & IPIX!

IPIX has no debt, no debt, no debt, no debt, no debt and no debt.

Debt has killed many a company. One doesn't have to search far from here to see that the former owner of IPIX's most promising compound was killed off by not being able to make the required interest payment on it's heavy debt load, that being Polymedix. Creditors just don't care and BTW for those that like to throw around the term toxic financing, they have it ass backward. In the Polymedix example, the financing was not toxic to Polymedix but to the creditor who got caught holding the bag.

Leo Ehrlich's use of just-in-time financing via the Aspire deals totaling 90 million dollars has been truly exceptional. It fits perfectly for those who hold a long term view of their investment, and for those with a short term view, not so much.

I don't know about how others feel, but I've been in heavy debt with mortgages, college tuition, equity loans, credit cards and it suffocates you. Your hands are always tied. It's nice to be out of it.

The beauty of IPIX not having any debt allows it to run the company and make sure that whatever deals it makes, they'll be right for the shareholders and not deals that they're forced into prematurely. Not realizing the true value of their assets and thereby shortchanging the long term investors, is and always should be avoided at all costs. I'm a fan.

GO IPIX - stay the course