Innovation Pharmaceuticals Inc (IPIX)

[oddone33320]

I ask out of ignorance to our potential suitor's good will during the non-binding term sheet negotiation stage. They only mentioned one Global Pharma in the 10-K so it's unlikely we have other non-binding term sheets as backup options. I don't question IPIX strong trial results in IBD or OM but worry (hopefully unnecessarily) that our potential partner may be holding out to see what else is out there and burn down the clock on our finances. Whoever they are, they have time to wait until November or later while we don't so I am a bit wary of IPIX being toyed with/taken advantage of under the guise of "due diligence". I would hope the potential partner negotiates in good faith but am naive as to whether games are often played in situations like ours.