Innovation Pharmaceuticals Inc (IPIX)

[olden_grumpini]

Technically, IPIX is not insolvent. They have some time to work out payment with Cummings (I think it’s 30 days from date of judgment). How do they come up with $1.4 million? Can the BeaMed stock be sold? What about patents? Brilacidin is off the table since IPIX doesn’t own the patent. They’re in a tough spot.

I’m wondering when Menon will show up to try to collect the money owed to him? IPIX has been carrying accrued wages ($1,443,000) and the Kard Scientific research and development expenses ($1,486,000) since November 2019.