Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"The last10q Leo filed warned we could lose our status so maybe was planned who knows. "
Here's the last 10-Q:
https://www.sec.gov/Archives/edgar/data/1355250/000147793223008688/ipix_10q.htm#a13
On what page does Leo issue that warning? I don't think it's in there.

I believe you are thinking of the 10-K filed prior to that 10-Q and that warning concerned something entirely different:
"We may elect to deregister our common stock under the Exchange Act and suspend our reporting obligations. Such deregistration and suspension would result in less disclosure about us and may negatively affect the liquidity and trading prices of our common stock."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1355250/000147793223007158/ipix_10k.htm

Electing to deregister a Company's shares (which was not done here) in order to suspend reporting obligations is 180 degrees from knowingly and intentionally failing to meet a Company's filing obligations. The former requires a filing certifying that the Company meets the standards to deregister while the latter results from the willful failure to perform a legal obligation.