Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

LR,

"If you're right about the $2M/qtr rate of spending...and I don't think it's at all appropriate for a developing company that needs to run clinical trials to expect a smooth run rate... not only will the MFO have to be very accommodating but the Company will also need another source of funds before a year is up."

I agree 100%(Not sure why I put it that way as I know there is no perfect engine(machines, nor humans, are 100% efficient), must be something ringing in my ears)).

I thought mgmt's estimation of annual costs was~ $12M/year-$3M/qtr. $2M/qtr would mean a burn rate of $8M/yr. I do not recall seeing a figure as low as that. I may have missed it.

Perhaps the poster you quoted can provide the source?