Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

"This is biotech, these are its risks, this is accounting, and this stuff happens. It happens to biotechs that fail (if the whole pipeline goes that way), and that succeed (if they commercialize something or get bought)."

Yet the company accountant gave away a part of the farm, long before any revenue(still no revenue) a few years ago, to his place of worship, his son, and kind of to himself(?)(2.5 M shares between them within 6 months).

Shareholders first, ya think?

His management has not, but is being, accounted for.