Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

Justfactsman,

First, thanks for post# 241176, I found it informative(didn´t attempt to verify, but made sense to me, having been in many contract negotiations over the years)((not bio, but construction for a mid size GC where each contract is negotiated between the assigned project manager and the various potential subcontractors, as well as suppliers))(((purchase orders issued vs subcontracts- usually))).

We re-evaluate estimated costs and estimated quantities monthly based on actual production and buyout costs and compare those to the percent completed of line items(a 10M job can have 500 individual line items, each broken down by 6 catagories(labor, equipment, materials, fringe benefits, subcontractor, and other(miscelanous). Monthly, we re-assess how far we´ve progressed, how much we received from the owner, and how much we project to spend to complete, and UPDATE the projected costs and schedule accordingly, and reallocate manpower and equipment if need be(the goal is to be running under the estimated budget and ahead of schedule).

What I take issue with is this quote by you:

¨So delays are neutral...but NOT on these boards...they are disappointments for impatient shareholder and can easily be misinterpreted as a negative event, when in fact, they might result in a more beneficial outcome to Shareholders.¨

Again, I don´t know anyone who is happy with delays, there´s at least one party not happy(but usually two), the owner who realizes lost revenue as a result of delays, and the owner of the GC(General Contractor) firm for he /she knows it´s going to cost alot more for the underestimated $ for labor, equipment, materials, fringe benefits, subcontractor, and other expenses, including office overhead.

I guess I come from the belief, and was taught(by my parents, as well as most others, BE TRUE TO YOUR WORD AND BE ON TIME). Bill Belichick, an economics major, I doubt would invest in this team.

Bill Belichick: ¨whether it being in sports or business, the right decision can be the wrong one if the timing is bad.¨

Thanks again for post 241176 and us all the best. Just done wishing and hoping- Appears you have more confidence than me, been here too long, and we hit an all time low near the last closing day(9/14/18).

This board is the investor relations department, I guess, I can´t get a pickup. How would you explain to a new investor that that is a good sign?

Can only hope that managements decision was right.

kfc





Post 241176: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143582192


http://blog.masslive.com/patriots/2017/05/bill_belichick_explains_why_ti.html