Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

"Under the terms of the License Agreement, Alfasigma will make an initial payment to the Company and will make additional payments of up to $24.0 million to the Company based upon the achievement of certain milestones, including a $1.0 million payment due following commencement of the first phase III clinical trial of Brilacidin for UP/UPS and an additional $1.0 million payment upon the filing of a marketing approval application with the U.S. Food and Drug Administration or the European Medicines Agency. In addition, Alfasigma will pay a royalty to the Company equal to six percent of net sales of Brilacidin for UP/UPS, subject to adjustment as provided in the License Agreement."

Are investors' to infer that the above (forward looking) statements are guarantees? Because they/he said it, will it come true? What's his(LE) accuracy when his pr's are prefaced or followed by the forward looking statements clause?

Easy math.