Innovation Pharmaceuticals Inc (IPIX)

[zandant]

The news in and of itself was not bad - it just didn't meet expectations, which have been focused on a buyout, partnership or something along those lines.

The company believes in its product and is willing to keep moving ahead. The concern though, and I have to agree with Infinity on this one, is thatB,P and K are not so attractive at this point that BP wants to jump in and participate. There is apparently nothing so amazing about these drugs that BP is saying we have to get in now before someone else takes the opportunity. Consequently, the company needs the additional funding to make a go of it on its own.

Still treading water but at some point we are going to need to be rescued or we are going to drown. Hopeful but weary.