Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

I don't think there's a need to spitball. As noted the accumulated deficit at 6/30/21 was $115M but Stockholders Equity (raised but NOT lost) was $8M so ballpark $123M was raised, not $400 million invested or closer to 200 to 300 million.

The original statement is what got my attention:
"There’s nothing wrong with 2.50 a share for a company with $400 million invested and currently trading at 1/12th the price."

How much a suitor might spend on an acquisition has nothing to do with how much the candidate raised, especially if it only has a teeny weeny bit of it left. Other metrics having to do with estimated future income and resultant cash flows are the primary drivers of the price.