Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

First, securing the funding for a Phase 3 trial for OM would be perceived as beneficial to shareholders. It would secure solvency through completion. Depending on the trial design and fast track, certainly less than $50 million, there would even be sufficient funding to move something else forward. So, the shelf is not useless because of the open terms. It can be used for nearly every type of funding round including guaranteeing a loan. You should know Leo well enough to know that he will use the least dilutive funding he can. He has only used one PIPE and that was for $3 million. I personally know a group he could tap for 20 million.