I have tried over the last few days to take a much less confrontational attitude (I am feeling too good about IPIX to worry about being confrontational at this late stage of the game) and have tried to simply provide reasoning for the exuberance of the longs with current conditions and expectations as to news from IPIX in the very near term.
Have discussed the possible reasons for timing delays and many keep going back to the as of now non-signing of the term sheet.
My belief is that IPIX started in getting a term sheet signed for only OM. Later in the discussions IBD was added to the pot, maybe by request of the BPs, maybe by IPIX mgt and this increased the time to a signed term sheet. Since that signing IPIX has continued to beef up the OM/IBD value with patent expansion into more uses for the oral rinse to include periodonatal disease, possibly sinusitis, and even possible inclusion in commercial mouthwashes (this just a WAG), so that the numbers of the deal should be increasing and thus cause another delay in finalizing the term sheet.
The above is not carved in stone, it is just a projection of what could be happening, and thus an explanation for a delayed deal signing. But the diatribe against mgt and IPIX continues unabated.
Shows trying to be reasonable has resulted in no positive response, might as well be talking to a wall.
Will keep the talk civil and not confrontational and hope it helps any new eyes to the board decide to do more DD on their own.
