Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"The fact that IPIX secured the B asset for 5 million dollars has nothing to do with my point. So the CEO was smart enough to secure a potential blockbuster drug for 5 million.. so what?"

You might be understating his smartness.
"The aggregate purchase price for the sale and transfer of the Purchased Assets is two million one hundred thousand dollars ($2,100,000.00) in cash, plus 1.4 million shares (the “Registrable Securities”) of the Purchaser, which as of the close of business on July 26, 2013 is valued at two dollars and nine cents ($2.09) per share (collectively, the “Purchase Price”)".....

....but it's valued at twenty four and fifty one hundredth cents ($.2451) per share now, so while the Company paid $2.1 million in cash the shares it issued are worth $343,140 instead of $2,926,000 at this point they expended less than half of that bargain price of $5M.

Great foresight.