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Friday, September 28, 2018 11:55:28 PM
If this happened.....
- May into June, Leo needs a hefty amount of cash, fast, to pay off the Prurisol CRO and fund payroll and legal while he keeps shopping Brilacidin around. Aspire has lost for months on their IPIX investment and will offer only a lopsided agreement, with a date certain that will ensure a good profit. And based on their long due diligence of IPIX, they believe their milestones are fully achievable, as they stated.
- The agreement also ensures some dilution. Leo detests dilution, but he's against a wall. The agreement is finalized in late June.
- Shortly after, let's call it late July, things suddenly get serious between IPIX and a potential partner interested in Brilacidin. How to break up all the potential indications? IPIX will deal only on the enteric gut-related indications, B-OM and B-IBD. And they have quite a good story to show and tell.
- Shortly after, let's call it August 9, a term sheet is signed on enteric Brilacidin. If consummated, IPIX pockets $XX million and can wrap up Prurisol Phase 2, and move Kevetrin and the (big) rest of Brilacidin forward.
- Leo calculates. He can hold out until maybe end October with cash on hand. A deal is not a deal until the fat lady sings.....but he reckons he can get it done. To hell with Aspire and their crappy deal, and the dilution, all those shares for nothing. Does he even delay the application for Brilacidin's BTD, in case the FDA suddenly has a very efficient approval month?
- September, Leo informs Aspire that, due to circumstances outside IPIX's control, they are unlikely to meet any of the agreement milestones by end of the month, so sorry. Aspire begins to liquidate their shares, at most any price they can get.
- Shortly after, let's call it October-ish, IPIX announces their first partnership. The share price surges. Wannabe funding partners fill the hotels close to Beverly.
......if this happens, then Leo and Art have tungsten balls. But it's kinda the only thing that makes sense at this point.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
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