Innovation Pharmaceuticals Inc (IPIX)

[Orion Nebula]

I don't think it will be large in a relative sense. They will need $8 million for the next 12 months without Poly M. They have $3 million but they will not take it down to $0. They also have $2.4 million they can get from the current Aspire deal. Another source of funds that would take awhile to figure out via the spreadsheets and notes is the $ that come in from exercised warrants. Consider this quote from pg. 34 of the 10K:

"From July 1, 2013 to September 9, 2013, the Company issued 825,000 Class A common shares par value $.0001 to a warrant holder upon exercise of Common Stock Purchase Warrants exercisable at $1.00 per share. The Company received an aggregate of $825,000."

When warrants are exercised the $ help operations but can contribute to a softness in the share price if the person decides to grab some profit. We might be experiencing some of that among other possibilities already noted by posters.

So the 10k states they need $5million PLUS whatever they end up budgeting for Brilacidin or anything else picked up in the Poly M deal. Seems another $10 million type deal like Aspire would fit the bill. That would get the company down the road a bit. The other possibility is some kind of partner but I hope they can hold off. The more advanced the trial the more valuable any partnership will be.