Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

I agree, the high multiples used in other deals partnership/sale are thrown out with IPIX... Each deal has it's own situation on how it's valued... Leo brings no cash to the table, meaning BP has to solely fund the partnership. Aspire is not credible enough to warrant a high multiple... Also, what value does Leo's staff bring? If we're to do most of the work, a buyout makes more sense... Try explaining to your board that you paid IPIX 15 times it's market cap? I think any deal from 5 to 7 per/share is fair value... IPIX is in no shape to demand more...