Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

He transferred $3 million of shareholder’s money - around 50% of all of IPIX’s cash reserves at that time - to his Israeli buddies without so much as a by-your-leave to his shareholders.

The question is why an outfit supposedly operating in the biopharmaceutical space suddenly decided to splurge so much cash in a private company operating in an entirely unrelated field.

Given Ehrlich’s history of lies and greed I suspect that if we follow the money we will find a large amount of it found its way into Leo’s capacious nay rapacious pockets.

And doubtless into the pockets of insiders and minions on social media who continue to defend his utterly indefensible record even though it makes them look as greedy and dishonest as Leo himself.