Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

This describes an important position (highlights mine):

Primary Job Responsibility:

Detailed planning for full commercial rollout execution plan globally
Oversee project management of the execution plan including financial oversight
Lead transfer of technology from development to manufacturing including procurement, supplier negotiations, and Design Master File completion
Assist CEO in day to day management needs

An applicant would be expected to do some DD regarding the current financial status of the company given the highlighted responsibilities.
What they would find is that there is no publicly available data except that which appears in the IPIX financial statements. And the conscientious applicant would find this:

As a result of the assessment of the Company’s internal control over financial reporting as of June 30, 2023, management concluded that the Company’s accounting procedures relevant to an unconsolidated foreign investment are not sufficiently formal that management can determine whether the applicable control objectives are met and adequate documentation supporting the procedures is in place. Specifically, the Company does not have sufficient controls to conclude that data from the unconsolidated foreign investee underlying the Company’s financial statements is captured completely, accurately and timely, in accordance with the Company’s policies and procedures. This material weakness could result in a misstatement of the recorded equity investment as well as the equity in loss from equity investment that would not be prevented or detected on a timely basis.

A truly qualified candidate could be expected to find that disconcerting to say the least.