Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Interesting take, I say. I think most of us here are like me: keep forgetting the 'one shot' nature of the milestone payments. As you said: that has implications.

While we both linger in "fantasyland" and I have your attention let me take you down the memory lane to the column for Cash at the end of quarter in the below table. Yes, the table regurgitates old stuff. Still, if IPIX had held their cash reserves at the level of Q4 2017 then the June 28 agreement (date, not necessary the content of the agreement) would probably have been the first time when a new agreement with Aspire would have generated these WTFIGO discussions.

Did IPIX suddenly start (and might still be) suffering from astounding lack of foresight and financial caution or were they dead certain that some positive event for share price was to emerge during Q2, but was delayed to their utter surprise. The worse alternative - positive catalyst(s) disappearing looks unlikely in light of the language in the latest Aspire agreement. As I see it THAT agreement makes named milestones material events, if they weren't before ((yeah, it's me --> might not hold legal water). Or did Aspire put limits on the 'normal' share selling during Q1 2018 and knowingly forced (too strong expression?) IPIX into future scrambles? And if Aspire did, how?

I know this: during Q1 2018 IPIX share price stayed above $0.60 until March and was still above $0.50 at the end of that month. Looks to me like there was room to sell some millions of shares to get that cash buffer back above $3M. Otherwise I have absolutely no clear clue. I don't expect any answers - just wondering and agitating - and still having my shares.