Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

A former regular here has posted this elsewhere:
"There were 2 IPIX board members who resigned on 1/31/24 (Schechter and Spektor). It may not be a coincidence that there are an equal number of BeaMed founders (Shapira and Eshkol)."

But of course IT IS a coincidence. The Bylaws would allow the addition of Shapira and Eshkol and half of Ehrlich's Boca neighbors if he was so inclined:
"The number of directors of the Corporation shall be not less than two (2) nor more than fifteen (15), who need not be stockholders of the Corporation or residents of the State of Nevada and who shall be elected at the annual meeting of stockholders or some adjournment thereof."

Schechter and Spektor (reminds me of Frick and Frack) likely bailed based on something that was NOT a coincidence....a legal judgment for an amount of cash that IPIX doesn't have now and has no reasonable expectation of having any time soon. They had simply seen enough and the judgment was the last straw. Leaving LE to his own devices for the last bunch of years showed their lack of business experience. And they sure didn't have to resign to make room for the BeaMed Boys.

LE never wanted a Board that he didn't control, much less one with a couple sharp operators on it.
Sorry Mo.