Innovation Pharmaceuticals Inc (IPIX)

[Truthbythought]

It's not super necessary to have a shelf, just convenient so you don't need to do a full registration every time you do an offering. Serrated registrations each time accomplish the same thing.

Separately, I agree with the approach of delaying financing as long as possible on the assumption that time will likely afford you a higher share price as things continue to progress. However in this case I would wager the delay is likely a tesult of waiting until after the November conference to figure out if we have a partner and on what terms so they know how much money they actually need to advance all three drugs through 2014.

We will likely have our financing announcement only after that conference.