Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Even before the virus time he could have sold all his shares and walked away from Ipix with 20 or 40 years salary in his pocket and no responsibility or work needed. This is what you would do if you only care about making yourself comfortable.

It has been many, many years since that was an option.

You think Mr. Ehrlich wants to still be CEO of Ipix when he is 82 and just making some salary? I think this is wrong.

Yes. I think most of us would choose to make $500K/year, manage a handful of remote employees and prepare a boiler plate quarterly report four times per year.

Of course he'd love for the company to be bought at at $10/share. That's not an option nor the point. The point is Leo is one of the few people who is handsomely rewarded whether or not shareholders benefit from IPIX. He can continue to fail and fail and fail while collecting $500K/year until the money runs out.

If IPIX Succeeds:
Leo: Rich
Shareholders: Rich

If IPIX Fails:
Leo: Enjoying $500K/year work from home.
Shareholders: Broke