Innovation Pharmaceuticals Inc (IPIX)

[cybermich]

To be fair..

Leo choosing to sell cheap shares vs. selling indications of B for pennies on the dollar is a choice he wouldn't have had to make if this company hadn't been illegally attacked.

Being forced to sell such cheap shares is NOT the same as selling the company cheap.. in fact getting a fair price for all indications of B will make the current share structure seem insignificant.

Granted, IPIX may have lost everything if the share price collapse would have continued.. and at some point indications one by one would have been auctioned off for pennies (probably what the criminals intended).. but thank goodness that did not happen!

I think its faulty thinking to believe Leo's willingness to sell shares is ANY indication of what he thinks this company is worth!

He is simply dealing with the crappy hand he was dealt - a hand by the way that was dealt from the bottom of the deck.

Fortunately, from a circumstance none of us could have predicted.. Leo now has aces up his sleeve.

Now maybe we can get a fairer value for IPIX.. albeit minus the dilution that was necessary to survive up to this point.