Innovation Pharmaceuticals Inc (IPIX)

[CallMeCrazy]

The idea that share price equates to what is going on, behind-the-scenes, in confidential/secretive, discussions/negotiations, seems like fallacious reasoning to me.

Message in reply to:

"We know that in August 2018 one non-binding term sheet was signed by IPIX and unspecified BP. That's the limit of current facts. Adding anything to that is an unfounded assumption probably beneficial to assumer's cause."

IPIX was trading about 100% higher in August compared to the current SP.

In my opinion IF the 'non binding term sheet' was positive for IPIX the stock would be higher now not 50% lower.

Hence, one can assume with confidence the term sheet was not positive. It was negative.

The proof, as they say, can be found in the pudding.