Replies to post #76583 on Innovation Pharmaceuticals Inc (IPIX)

[starbuxsux]

OK...I hear you...and I like your way of thinking it out.

The filing mentioned the closing price on October 24th if I remember correctly....so for anyone who's cost basis is above $3.00 that should be the threshold to keep an eye on for where to add or subtract until something more "material" presents itself.

That's really all I wanted to do...is talk it out...didn't notice anyone had in great detail today...

GO CTIX!

[loanranger]

"If there are negotiations, CTIX will have a stronger hand by showing they have the funds, or funding ability, in place to go it alone."

There is a burgeoning misconception that an S-3 filing somehow indicates that a company has funds or is able to secure funds and that's simply not true. It's a vehicle that allows for RELATIVELY easy registration of any newly negotiated offerings....note that those negotiations would occur with or without a shelf in place. It can be thought of similarly to the opening of a personal IRA account, which needs to be funded to have any value.

The "ability to go it alone" theory doesn't appear to be supported by the mere existence of an S-3.