Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

As previously pointed out, the lease expiring is not an “out-on-their-asses” hard time line. It’s simply the expiration of the binding agreement at which point IPIX can revert to month-to-month or until a notice to vacate from the property management. So, as far as September 30 goes, lease wise it’s a big nothing event, though the date of expiration does not lack significance.

However, that date is the end of the first fiscal quarter. It’s also four weeks after the unofficial end of summer and vacation season, four weeks past Labor Day. I think those two events are not simply coincidental and adding the expiring of the lease, the date becomes even less arbitrary.