Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Polymedix Brilacidin ABSSSI was a phase 2 that could not go to phase 3 because they used too high a dosage resulting in SAEs. BP doesn't rummage around the scrap pile looking to tweak dangerous drugs.

IPIX did. Now IPIX Brilacidin is safe and ready to start phase 3 in two indications along with numerous other trials. Very different ball game.

IPIX won't default/BK. Worst case Leo eliminates all employees, stops taking salary, and pays whatever minimal bills are required through some dilution. Plenty of time to shop for a deal if he's going to auction.

And that's your worst case. Green days coming.