Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

When setting aside all cynicism with regard to this investment and Leo Ehrlich, that's how I believe LE saw it when he made the investment.

I also believe our pipeline pretty dead end given the two deals we signed already.

My gut does not eschew all of my cynicism though. I would be inclined to do lots of research into LE and his connections to find out who knows who at Sqaulus. My left gut say something fishy is going on here. My right gut says our pipeline is crap so why the hell not roll the dice on some ancillary tech with our remaining cash - worked for TSLA and MSTR.

(Un)Fortunately, I no longer have enough money on the table (due to shareholder decimation rather than sales on my part) to bother with the effort. I have written off this investment so I'm fine with some wild gamble like Sqaulus at this point. One last YOLO I guess. We weren't going to bring an actual drug to market anyway. If we get lucky on the investment - great. If it was just a funneling of our money to buddies at Squalus - just fine...we were going to $0 anyway.