Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Maybe you noticed he did not sell any shares then or at other times when the price was high.

"The CEO banks $50k a month for sitting on his ass at the expense of shareholders with not a care in the world."

He sold about 200M newly minted shares during the volume and price surge of COVID. He can now draw the money to himself through a salary that is commensurate with a job done much better than he has done.

Share price doesn't matter as long as he gets the vote to authorize more shares and there is still a willing buyer.

The value proposition of IPIX to Leo is not his shares. It never has been. It's the salary. If he gets lucky gambling shareholder money on various drugs and side ventures then all the better. But he's here for the $500K/year so he doesn't have to work at H&R Block for $50K/year.