Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"You do not agree with my opinion?"
I didn't see where you offered one.

I do agree with the Company's own opinions as expressed in the recent 10-K:
"We need to raise substantial additional capital in the future to fund our operations and we may be unable to raise such funds when needed and on acceptable terms, which could prevent us from fully implementing our business, operating and development plans."
"Our financial statements were prepared assuming we will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. We have negative working capital of $3.4 million and have incurred losses since inception of $125.3 million. We expect to incur further losses in the development of our business and have been dependent on raising capital to fund operations from inception. These conditions raise substantial doubt about our ability to continue as a going concern."

I also agree with this and it's something that any prospective financier/partner would care a lot about:
"as of June 30, 2023, the principal executive officer and principal financial officer of the Company have concluded that the Company’s disclosure controls and procedures were not effective due to the material weakness in the Company’s internal control over financial reporting as of June 30, 2023"