Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

He was going to sell all his shares in November days ahead of failed COVID trial results?

First off he probably couldn't at pretty much any time during the COVID trial. You don't risk those optics and possible SEC action when you're coasting making $500K/year with the possibility that the drug works. And you definitely don't do it when you have locked in $10M to keep that salary going for 20 years if you know the drug doesn't work.

The key to a successful OTC operation is don't get too greedy. He has a great thing going right now. If the drugs work, awesome. If not, just keep authorizing shares and pulling in that salary. It's perfectly legal to benefit from us investors thinking his hand is stronger than it is.