Innovation Pharmaceuticals Inc (IPIX)

[Snowy_Owl]

I have decided to look at it this way.

The CRO wants payment in full before releasing the data. IPIX gambled on a deal before the end of this month that would have allowed payment to the CRO.

The prospective partner is still occupied with due diligence so the anticipated signing date did not materialize.

Leo thought of putting something in the 10K to the effect that settlement to the CRO and consequently the first peek at P2b results would happen after a deal was signed.

Legal and Audit advised Leo not to tip his hand to the prospective partner(s) and to to cover himself by presenting a worst case scenario, ergo, "We may never....". Foresight indicates that the closer IPIX comes to the goal line the greater the opposition will increase.

I'm not saying it couldn't have communicated better but I think I now have a better understanding.

When I think about it, the primary reason I was so upset by this event was because it provided fuel for the IPIX-cons to use against the IPIX-pros.

Predictably IPIX-cons wasted no time devouring the 10K chum in a characteristic manner.