Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Groton, just one possible scenario that Leo needs to consider. I assume that negotiations with suitor number 1 are still ongoing.

1. Current term sheet is exclusive and it falls thru.
2. Second suitor signs a term sheet, also exclusive. Science DD may be done already but time is needed for legal/financial DD.
3. Repeat until a deal is done or all suitors are gone.

We can only guess what are the time estimates on this. And nobody is paying Leo for lost time.