Sunday, January 20, 2019 1:24:46 PM
The picture painted with respect to the company fundamentals is a real one.
No COH. Minimal lending/borrowing options (or else they'd use other less-predatory/dilutive ones)
NO revenue (yes, I realize this is 'pre-revenue-biotech') in the form of a partnership.
NO means to progress trials
I do question the sanity of management.
They articulate a 'plan for progress', but there's literally zero cash.
This is akin to driving your car with the gas light on, yet you're in the middle of a desert. No gas for hundreds/thousands of miles. Yet you keep talking about getting into the new house you're building on the other side. How about a contingency plan in case you run out of gas? (because all indications are pointing to this being a likelihood)
Mack, can you explain how IPIX will run trials with zero COH and zero access to cash?
If the MFO backs out of their arrangement, then they literally have zero options.
So someone please explain to me how this works, because even with an MBA, I'm not understanding it.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
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