Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

I realise you didn’t ask me, but I can help anyway.

Long story short, Leo needed a way to siphon off most of IPIX’ cash before he shutters the operation permanently.

Even his over- generous salary doesn’t allow for a quick enough transfer of shareholders’ cash into his own capacious and rapacious pockets, so he fixed up a deal with two of his Israeli buddies to take the majority of IPIX’ cash in exchange for a (very) generous kickback.

I hope that clears things up for you.