Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

I am making a guess here, govorchin. I get a feeling that your background is in engineering or similar discipline, not in pharma.

My experience is that there is no such thing as 'on the level' in pharma industry as a whole. Famous 'Neutron Jack' Welch is a choirboy compared with the carnage an average pharma CEO is capable of. And that includes lying to your underlings on their face. I guess it would be called presidential nowadays.

Lemme give you an example. Once I was listening our widely admired (means in professional press) CEO telling us that our division stays where it is, only metabolic diseases will recocate. "We will have a strong presence here for years to come!"

For god's' shakes, I had once nursed an elephantine hangover with that guy, a good, straight shooting chap! So, I went, put my signature on the mortgage papers, bought a big and costly house ... and less than 2 months after our division was packing.

Based on what I have seen I regard IPIX being as on the level as any management ever will in pharma.