Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

It's definitely kaput unless BeaMed really materializes.

That said, the market cap is getting low enough that something like a $10M upfront/$70M milestones/6% royalty B-OM deal could really pay off from here. And there's always an outright sale for $40M or so which would be 4x.

Again though, it depends on whether the buyout number is high enough to make Leo give up the $500K/year salary for life. I think we're talking a top 5 all time buyout premium percentage wise at this point to make that happen.

I'm still holding all my shares hoping two pennies can get cashed out for a couple nickels or dimes before I need to take a loss.