Innovation Pharmaceuticals Inc (IPIX)

[frrol]

We could not, that was why we had to go looking for another source. Keep in mind that our last side-agreement with Aspire came with those milestones. Aspire was saying "we'll give you more money only if this happens." And the milestones didn't happen.

Aspire took some heavy losses with us. These companies are in the business of buying stock directly from young capital-needy companies and selling it pretty quickly before the price drops, with the dearest hope that it actually goes up and they make a windfall. Ours never went up for long, it's been four years of sllllllliiiiding down. Those last two deals were accommodations, but Aspire isn't accommodating us anymore.

As I've said, our 2017 Aspire agreement is still in force until Sept 2020. It's just that under current market conditions, we can't use it. If we get a stock pop and sustained surge in buying and interest, we can start tapping Aspire again.