Innovation Pharmaceuticals Inc (IPIX)

[frrol]

We're gonna keep pursuing a deal into there's no more money, the question is if we cannot get a deal then do we have access to more capital elsewhere? If we're forced to go to a "loan shark" (toxic financier, the bottom dregs of the finance world) it will be ugly for shareholders. Our last deal was painful since we didn't get that term sheet turned. That will look like manna from heaven compared to what would be next.

It's disappointing that it's been this difficult. Brilacidin is just not turning anyone on much anymore. By now we know why and it's the same reason the term sheet was dropped.

B-IBD is not mentioned much anymore. I would expect that and K to be revived if/when we have funds to do so.

At this point we are takers for any partnership. This is a matter of survival. I am impressed that Leo and Arthur have been able to not only keep the engine running but do little things that might soon help get us down the road. We just have to hope we can get out of the financial ditch. It's a big if now.