Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"Perhaps Dr. Menon will release a statement and clarify this situation."

I expect that there's little chance of that. In fact I was intimating that that may be why he wasn't removed as a Director here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143724756

Specifically:
"If the director has furnished the registrant with any written correspondence concerning the circumstances surrounding his or her resignation, refusal or removal, the registrant shall file a copy of the document as an exhibit to the report on Form 8-K."
IF there was any disagreement between KM and "the Company" (obviously we don't know if there was) and he provided any written correspondence, the Company would have been required to include a copy of it in the 8-K.
I know it's a stretch to suggest that he was terminated as an Officer but kept as a Director in order to avoid exposing a disagreement but stranger things have happened.
Why didn't he simply resign his Officer position? He's the Father of the freakin' Company for Pete's sake. A Founder deserves a modicum of respect and should have been entitled to go out gracefully, not with the icy "notified Dr. Menon of the termination of his continued employment with the Company"....that's the way you fire the receptionist.

I think this will be filed away with the Aruda mystery as "Unsolved".

FWIW a Board position with IPIX puts him on a Board that just approved his termination. That should tell you how influential it is.

I know it has already been said, but you don't save a couple of bucks and fire a Founder when success is right around the corner.