Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

Now, ask yourselves why would Leo Ehrlich hand over $4 million of his shareholders’ money to an entirely unrelated offshore enterprise, knowing that he was likely to lose this case and that in the absence of that $4 million, the likely outcome was the technical bankruptcy of his company?

Was it:

1) merely an extraordinary breach of his fiduciary duty caused by a colossally incompetent decision that any right-minded executive would have avoided at any cost?

Or:

2) a deliberately malign decision to advantage himself and his cronies at the expense of the ordinary retail shareholder?

I think I know the answer. As they say, follow the money.