Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

From yesterday's pr:

" Company building on momentum from recently executed licensing agreement with Alfasigma S.p.A.

-- Focus on transitioning to oral formulations of first-in-class drug candidates, and securing additional strategic alliances and licensing deals."

Momentum definition:

1.
PHYSICS
the quantity of motion of a moving body, measured as a product of its mass and velocity.
2.
the impetus gained by a moving object.
"the vehicle gained momentum as the road dipped"

I'd say investors, and ipix, have lost momentum as the sp has tumbled. I know, it's NR's fault, has nothing to do with lack of execution on managements part, wasteful spending on a quarter acre of office space for 2 to 4(??) employees.

Why "transition" to new formulations when the originals were, as investors were led to believe, stellar? Fix a leaking roof before you replace any resultant ceiling damage. The ceiling wasn't damaged, was it?

IDK

All I do know is, in any other business, be it air flight(including NASA), surgery, construction, hotel-restaurant administration, etc, the caliber of management displayed through the years by the cfo as well as the booted Dr would not be tolerated.