Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

Your assertions below do not make sense.

Ahrdee said...

However the company is entirely in the control of 2 individuals who are still able to reward themselves lavishly from the company's assets, as evident from having given themselves a very significant portion of the company after having sold it to the public by going public.

Exactly how did this happen? What is the source of this information? I have my MBA and what you say is not logical. I do not know the specific circumstances of how Leo and Dr. Menon came to be majority shareholders but I'm confident that it did not happen as you described. If they were the original owners of the company and they took it public, then they did not "give themselves a very significant portion of the company" because they ALREADY owned it. It is not unusual for the original owners of a company to retain majority ownership and sell less than half the company in a public offering. Please provide links, sources, etc. for where you got your info.

Ahrdee said...

It really matters if the 60+M shares owned by the public is something like 50% of the company or will end up being 10% of the company.

I assume that you do know that they cannot just issue themselves additional shares so exactly how would they end up with that addition 40% of the company? BTW - That 40% of the company is currently worth ~$76 million.