Wednesday, September 12, 2018 11:54:20 AM
IPIX already had a BS class action suit filed on them and it cost them money to fight it. Mgt is now taking advantage of putting any and every possible bad event on the table so that they can never have another BS suit filed against them. All they have to do is refer back to this 10K and say "Look, we made it perfectly clear that under no circumstances should investors not realize all the hideous things that could happen to their investment. We made it clear as day." Now as to whether those dire warnings are anything more than CYA boilerplate, that is another question, but I believe they are not.
The KEY point in the whole 10K is the non-binding term sheet and every investor in IPIX should do a thorough DD effort in understanding what that means and why it is what makes the future success of IPIX far, far more evident today than yesterday or any time in the past when we didn't have such an agreement signed. THIS IS THE BIG DEAL, makes everything else in the 10K a mere sideline!!!
Remember, this term sheet wasn't forced down the throats of management. It was signed sometime in August when the milestones still appeared to be on the table and we have no clue how many BPs made an offer for the OM/IBD package, we only know that our suitor submitted the best offer. Makes me wonder if IPIX/Aspire made the milestone PR to force BPs to make their best bid in Aug for the OM/IBD licensing rights.
As to the Prurisol P2b, does anyone really believe the data won't be analyzed and a deal finalized down the line? No need to get into this right now, as long as the OM/IBD term sheet gets finalized everything else in the IPIX pipeline will come to fruition. Anybody else notice we agreed w/ Aspire for the new $7MM on June 28 and the P2b data lock was issue June 29? Were funds transferred to CRO sometime in July to get data analyzed? Right now still many questions as to current status of results, but it is definitely not as black as many are painting things to be for Prurisol.
This morning is a knee-jerk reaction to the 10K and I feel bad for those that come to realize they made a mistake selling if they don't get back in and the term sheet gets finalized in the near future (maybe not in Sept but shortly thereafter).
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
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