Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Common sense says BPs are not in cahoots to keep the stock down so one of them can acquire B for cheap and the others are happy to help their competitor out. Leo has shown he's willing to dilute shareholders into oblivion. When the OS reaches 600 million, he's going to ask for another 600 million. He knows shareholders will vote yes. Voting no means IPIX will bankrupt and shareholders will lose everything. That should keep the lights on for 6 more years. Then Leo will rinse and repeat to keep his $600K salary coming.

If you are a BP CEO, you should know the playbook. Suppressing the stock until B's patent expires or IPIX bankrupts makes no sense. Leo's ex-employer is still going despite no clinical trials for more than 10 years. So it'll be a long time before Leo becomes "desperate". If Leo knows what he owns then there was no need to hire Locust Walk to find a partner. If B is a real winner, you make an offer Leo can't refuse. Otherwise your competitors might beat you to it.