Innovation Pharmaceuticals Inc (IPIX)

[zandant]

On this otherwise gloomy day, thought you might enjoy this, in a twisted sort of way....

"We depend upon the efforts and abilities of our senior management team Leo Ehrlich, Dr. Krishna Menon and Dr. Arthur Bertolino. Leo Ehrlich, the Company’s Chief Executive and Financial Officer, and Dr. Krishna Menon, Chief Scientific Officer, presently have no employment agreement with the Company. The loss of a member of the senior management team could have an adverse impact on our business. Competition for senior management is intense, and we may not be successful in attracting and retaining key personnel to replace such loss of a member of the senior management team, the inability of which could have an adverse effect on our business and results of operations."