Innovation Pharmaceuticals Inc (IPIX)

[TheDane]

It’s a statement of risk mandated by Sarbanes Oxley (sp?), way overplayed in my opinion. Suddenly everyone reads a 10-k cover to cover and gets their knickers in a twist. Part of the problem is that Leo set up expectations for a series of events to occur by X date and it looks likely the date could slip by. Or maybe it won’t.

Nobody knows. Educated guesses are still guesses.

My money is on success. If the Term Sheet signed with a GLOBAL BIOPHARMA! was announced in a PR by itself two weeks ago, prior to the 10-k, the stock would be well over a dollar. One wonders why Leo didn’t do that. Is it a sign of virtue that he didn’t play it that way or a dumb business move?

Time will tell.