Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

Accountant like ours is only obsessed with delivering shareholder value and humbly not compensating self

Speaking of 'shareholder value'... you're familiar with the running dilution rate here, are you not?

Jan 2020- OS 214M ~
30 Apr 2-2- OS 267,408,840
31 May 2020 OS- 296,688,311
30 June 2020 OS- 328,317,492
14 Sept 2020 OS- 343,579,992
16 nov 2020 OS- 355,957,332
30 Nov 2020 OS- 357,616,780
31 Dec 2020 OS- 367,984,689
31 Jan 2021 OS- 390,861,713
10 Feb 2021 OS -418,069,575
31 March 2021 OS- 426,673,198
Aug 2021- 433,800,000

That's massive.

You claim 'humbly not compensating self', yet Leo is one of the most grossly overpaid BioTech 'startup' (self proclaimed) CEO's operating in the space, in history. With a 2person payroll totaling almost $1M annually with zero revenue, how exactly is it you think he compensates himself? Don't forget about his options etc. That's a ton of dilution for a $.20 stock (avg) to compensate someone who's been 'in business' for 15yrs and hasn't made a dime for the actual shareholders...

Some CEO salary reference for you from the space:
https://kruzeconsulting.com/blog/post/startup-ceo-salary-report/amp/

Average Startup CEO Salary 2018 to 2021
Salary By Year: 2018 2019 2020 2021
Average Startup CEO Salary: $130,000 $142,000 $139,000 $146,000
Median Startup CEO Salary: $125,000 $131,000 $130,000 $135,000

Biotech CEO salaries remained relatively unchanged year over year, coming in at $147,000 in 2019

Not sure why you would 'trust an accountant over a scientist'. Please explain your logic. The Accountant has a track record with this company of___________________. Do some research.

'$2.50 is joke?' At 450M shares out, that's $1.125B
'The company' is 2 people, 2 patents (effectively) and a PO box in Wakefield. That's a pretty high-value proposition.