Innovation Pharmaceuticals Inc (IPIX)

[CallMeCrazy]

IMO, IPIX was wise to omit the initial payment amount because they are probably still in negotiations with other pharma (s) and this will limit their negotiating adversary (ies) ability to gauge IPIX's true financial position.
.
Obviously, negotiating from a position of financial strength is preferable to negotiating from a position of financial weakness. Regarding IPIX's financial health, "sometimes you have to fake it till you make it", or at the least create uncertainty in the minds of negotiating adversaries.

Smart move, Leo!

Message in reply to:
Lilkahuna, Frrol, anyone else who can weigh in on this? Why would they omit the initial payment amount if it wasnt small (under $1m)?

If we get $10-15M upfront then this is a great deal and we should be much higher than $0.20/share.