Innovation Pharmaceuticals Inc (IPIX)

[Brinjal]

No one invests in a startup Biotech as a conservative financial investment. Either they misunderstand what conservative means, or they regret making the investment.

Any investor worth his/her salt would know that an investment such as this has a very high chance of failure. So accepting such a risk also means that in the event of success, the returns are commensurate with the risk taken. Anything less than 1000x would not cut it.

For conservative investors a bank stock would be a better deal, where they can go giddy in an annual return of 5%. To suggest that we accept a low ball deal just because some "conservative" investors "want" it, is not fair for most who have taken the risk for an outsized return.

I don't understand why you harp on the 5 million that was paid for Brilacidin for making the case that 600M would be a good return. What if this was invented by IPIX? How would you price it then? We have a formidable asset and should not be given away at throwaway valuation. If someone can't stomach the risk, again, a bank stock would be a better investment next time.