Innovation Pharmaceuticals Inc (IPIX)

[eddiebali]

For the period since June 20, 2007 (date of inception) through September 30, 2012, the Company has had a deficit accumulated during development stage of $ 17,017,712 and a working capital deficit of $7,393,413 at September 30, 2012.

Is Leo diluting ????
The Company intends on financing its future development activities and its working capital needs largely from the issuance of debt and the sale of equity securities, until such time that funds provided by operations are sufficient to fund working capital requirements.