Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Pete, thanks for your thoughts. Mine follow:

I think that IPIX is way past multiple suitors stage, and probably was at the beginning of July. The termination dates in the purchase agreement with Aspire makes sense to me (others will disagree, see below) only if the detailed negotiations were already ongoing.

So: in June 2018 IPIX thought that there is a very good change of inking the deal they were already negotiating before the end of September, but monies might not to be in the bank for some additional time - the exact schedule of payments is usually not the first item to agree upon.

BTW: for those who think that the purchase agreement is just a smokescreen then why give oneself only 3 months of time before armageddon? I would have used something like 6 or 9 months and still been able to explain the time frame, convincingly.