Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

I think we're a LONG way off, sadly...

...but yes you're identifying some of the basic requirements. Apparently there may be some room for 'interpretation' in some instances (I've heard).

Given our current structure, I'm not even sure it's on Leo's radar.
We've got some hiring to do, a BOD restructure, not to mention the financial concerns.

(for starters, that $4sp requirement would equal an approx $1B MC for IPIX, given current OS count)

I'd wonder if in the shorter-term if it's just easier for them to pen this apparently ridiculously elusive B-OM deal, realize revenue from an upfront payment, see what happens with the stock... Possibly hire a CMO, and then see what comes of this COVID-19 nightmare.

Lots of things happening currently, and I believe it really only takes one as a catalyst to change literally everything, in IPIX-land.

Until then sadly, uplisting is just fantasy-land.

Very interested to know anyone's prognostication on getting to a BIGGER board like NasdaqGM

From what I can tell the company would have to pay appx $100K entry fee, to be renewed each year. They must maintain a bid price above $4.00 for a month or more and have market equity of greater than $75millon.
And lastly, must maintain 3 Market Makers for the IPIX equity.

Can anyone else help to summarize these assumptions?

Only then will this equity take-off with the support of Institutional funding. Hopefully!

Long supporter.. but would like to hear a plan from the BoD