Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

PP,

In response to your statement "My reading of the situation is that analysis is not done, and probably was not supposed to be done by CRO."



I disagree based on my own experience(Project Manager, construction). We paid everyone within 30 days, with the exception of 5% retainage(nobody's perfect, and spelled it out in each contract(boilerplate(We were held to the same retainage by the owner's)). Retainage would be paid upon project acceptance by the project Owner(public or private). An exception was afforded to reliable(deemed by us) smaller contractors, truck drivers or specialty contractors, who provided crucial services but lacked the ability for quick cash access by banks because of small volume.

So, to twist it a bit, my guess is ipix is the "small(specialty) contractor, or truck driver, who needs cash today in order "open the doors tomorrow". My belief is the cro has long known the results, but will not hand them over till paid.

ipix is between a rock and a hard place in my opinion.

idk

p.s I'm not in Too Infinity's camp, but understand the unanswered questions