Innovation Pharmaceuticals Inc (IPIX)

[oddone33320]

The company will realize $2.2 million over the first 30 days of the new financing agreement (starting October 9th) so they are not cash flush at the moment. I'm sure they don't have enough cash at this point to pay off the P CRO and why would they blow it on an unknown when they need money to pay salaries until a B deal is finalized?

" it has secured new financing for up to $10 million from one multi-family office focused on healthcare and life sciences, including an initial net placement of approximately $2.2 million over the first 30 days."