Innovation Pharmaceuticals Inc (IPIX)

[frrol]

A couple things to note. None of that is inconsistent with the current B term sheet being dropped. They first used the all- important term "negotiation" in May. That was what investors were looking for and I was really pleased. They stopped using that term in the recent 10Q. `Negotiations' may be over, the terms set. I doubt it. The deal may be dropped. I doubt that too. But they also stopped mentioning BTD. So who knows. I'd like to see an "aside" mention of BTD application next week in the IBD presentation but that's a stretch. Better, I'd like to see a BTD announcement next week, 60 days after we applied. We'll see.

The company's optimism about lab space is good to see, but subletting it implies we aren't gonna use that particular space for quite a while. It's not like renting an apartment for a month. I'm hoping that we are subletting just some part of it. That is certainly consistent with Leo`s wording. But his other wording is confusing. If we're "focused on conducting clinical studies", don't we need that space? And what clinical studies? We aren't. He may have meant to write pre-clinical studies, which we are, or meant clinical study analysis.