Innovation Pharmaceuticals Inc (IPIX)

[TheDane]

Read the poster I was replying to. He said $100. In my view even $10 would be a miracle right now. I’m not saying the company can’t be worth that but as of today it’s not. It’s worth 67 freaking cents per shares multiplied by whatever number of shares are out there. Yes, a premium would need to be paid for someone to buy out. I don’t see the usefulness in these wild speculations about value. It clearly does not have an effect on the stock.

I worry that we’ll be sitting in the high 60s when Prurisol info comes out. Even if it’s great the stock could get beaten back. We’ll need a WSJ or NYT story to get people interested at this point. Or a Big Pharma to step up.

I’ve been wrong a lot.

Go IPIX!