Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Serious. It is obvious that IPIX management did not anticipate being in the situation where they are now. Otherwise Leo &Co would have sold shares to Aspire earlier and at better price. That means:

1. Leo & Co assumed that share price will hold up better than it has done. Why? Just because they are idiots? I don't think so.
2. Brilacidin news were all practically out by the end 2017. What was left? Prurisol p2b. It follows:
3. As far as the IPIX management knew late 2017 (what little they knew) prurisol was on track for Q1 2018 and they had reasons to believe that the results were going to be good. Had things gone down as excepted it probably would have hold share price steady if not moved it up. -->

They did not feel that there was a need to build a financial buffer at that time. If they had anticipated prurisol results being on the weak side or even this late there would have been heavier selling to Aspire during Q4 2017 and Q1 2018.

Just my thinking. And that does not mean that IPIX is not running out of money and time. Going to be a close call. Feel free to disagree.