Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

Because you need to have options going into a deal closing. Otherwise you may be forced to accept whatever last minute changes or conditions the other party attempts to impose. The recent Aspire deal tells me that this is not Leo’s first rodeo.

“TIAB,if they had a deal mostly wrapped up which is paying them over $10m upfront why in the world would they sell 16 million shares for only 25 cents each?” - Chronic