Innovation Pharmaceuticals Inc (IPIX)

[frrol]

My hope is that we can readiky monetize B-ABSSSI. The company felt our cost of capital was too high back in 2016; it has gone exponentially higher. We took ABSSSI off the burner. We may have to put it back on, it a partner can be found.

Because, unfortunately, we have now gotten to the point where capital cost is not the vital concern, but rather capital availability. If there is no more pending OM/IBD partnership deal, our next share agreement would be quite onerous, assuming we can get one. It's just not a given. The company is certainly acting like they see some capital coming. That's good to see but nothing an investor can hang a proverbial hat on.

I'm keeping my fingers crossed that the deal is moving forward and wasn't lost.