Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"scheduled to start" is not a binding statement.

A schedule is a tangible thing. I think it is distinguishable from the exemplars of forward looking statement language provided by the Company itself:
"Innovation has in some cases identified forward-looking statements by using words such as “anticipates,” “believes,” “hopes,” “estimates,” “looks,” “expects,” “plans,” “intends,” “goal,” “potential,” “may,” “suggest,” and similar expressions."

"Scheduled to start is NOT a binding statement in the same sense that "will start" is not a binding statement. But the phrase used provides an obligation on the part of the Company...objectively and reasonably if not legally...to provide a statement if the event doesn't occur when scheduled. It looks like the market may have expected to see such a statement yesterday. No such statement needs to be made if the event HAS occurred per the HEADLINE, but some might reasonably expect one to be made.

JMO.


January 29, 2021
Innovation Pharmaceuticals’ Phase 2 Clinical Trial of Brilacidin for Treating COVID-19 Scheduled to Begin Next Week