Innovation Pharmaceuticals Inc (IPIX)

[CallMeCrazy]

Excellent post-DaubersUP.

Reading between the lines, as you suggest, it seems to me that Leo has been working to strike a business deal for a bit over a year now and, despite IPIX's weak financial position, he knows that our pipeline is valuable and he is unwilling to strike a poor deal that yields a small fraction of what IPIX's pipeline, or any part thereof, is actually worth.

I find it heartening that Leo has been at this for more than a year and has not struck a deal. Our pipeline has broad implications and there are many variables to be hammered out.

I think after BP completes their due-diligence, part of which is coming to understand that Leo's not going to give away the store, then a deal will be forthcoming. I don't know when that will occur, but sucker deals usually occur rather quickly.