Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"I have no problem assuming and I don’t need to know the date."
I hear what you are saying. You aren't the only person who has proclaimed that sentiment. And it is that very "don't need to know" mindset that provides the Company an atmosphere that allows it to provide public information on a strictly need-to-know basis versus a level of information that maximizes transparency for the benefit of its OTHER shareholders or, more importantly, for the class of shareholders that find such things important and who have yet to buy. It may be a shortsighted, self-defeating perspective.

These things are obvious, aren't they?
The receipt of a BTD would be great news under ANY circumstances because of the many benefits it could provide to expedite the approval process.
IPIX would gain the immediate added benefit of $1M in financing upon receipt of the Designation, which the FDA assures would be granted or declined within 60 days of submission.

Maybe it's just me but I would have thought that those things would have been more than adequate justification for the explicit statement that "The application has been submitted" to have been made at some point. Of course that would have given some folks who aren't satisfied with need-to-know level communications the information that would allow them to ask 60 days from the date of that statement "So what happened?". And that undoubtedly would upset some who "have no problem assuming"...except under the circumstances the only assumption that could be made at that point would be bad for them. A Designation letter would certainly be announced. But a Non-Designation letter? Experience suggests that that would be kept on the down low....until perhaps being explained in an interview someday.

I don't know any poster who DOESN'T think that the Designation will be received...well, maybe a couple. A properly submitted request should be approved, don't you think? Yet here everyone sits, not knowing whether it might have been turned down ALREADY, not knowing when a response should have been or should be received. Is that because the Company has less confidence in the outcome than all but a few here? Or did the Company decide to withhold the submission date or any explicit statement that a submission had been made just because they could? Or to avoid any follow up questions? In the event that a Non-Designation Letter has been or will be received is it safe to assume that a new request has been or will be submitted? If so, was that done on a date that was 60 days or more prior to 9/30 so that the $1M financing is still possible?

I expect that the Company is VERY pleased to hear that there are people who "(I) have no problem assuming and (I) don’t need to know the date."
They're off the hook. I have the strong suspicion that those are the same people who don't need to know the true basis for the first 8 million share for 2 million dollars undocumented share sale and assume that the Company had a good reason to lie about that. No problem assuming?

This is what happens when someone says something like "They did announce the BTD application" and it's not true. You're free to take me to task for my opinions. I'll return the favor for your bad facts.