Innovation Pharmaceuticals Inc (IPIX)

[farrell90]

Let me see if I understand the concern.

The allegation, as I understand it, is Leo Ehrlich's son,Barrett Ehrlich and his company LLEX, may have assisted one of its clients to provide IPIX with its recent financing.

If that is true then the transaction is between LLEX's client and IPIX.

That transaction would be outside the terms of the Audit Committee's clause regarding nepotism.

"Any transaction with a related person, other than transactions available to all employees generally or involving aggregate amounts of less than $120,000, must be approved or ratified by the Audit Committee."

If the above proves to be true and accurate, my response would be... thank you Barrett Ehrlich.

JMHO Farrell