Replies to post #76987 on Innovation Pharmaceuticals Inc (IPIX)

[John B]

If he waited until after uplisting, I am pretty sure that with the addition of institutional buying, that the SP would have been much higher than $3.40. That would have better absorbed the shelf announcement IMO.

[TOB]

I quite agree with this:

I feel the reason Leo chose to submit for the shelf at this time was he felt the PPS was at a level that it could absorb the negativity that would occur after the news was released -eventhelosers

With the full trial results coming, new trials starting soon, a COO added, new board of directors being named, plans to uplist, etc. ; CTIX is in a strong growth period.

No way would the CEO Leo worry that the shelf is going to hold back the share price from an uplisting level. He acting as a display of confidence and strength. He is raising pot limit holding a Royal Straight Flush!

There is a huge difference between a potential capital raise for a company that is going strong, and one struggling to survive.

CTIX is going strong, has millions in the bank and a credit line from Aspire Capital for millions more at favourable terms.

The shelf puts available shares on the shelf to grow this company from an early success to a champion.

JMO, but I fully expect CTIX to be at a higher share price before the shelf is even used for capital raise, but I expect some shares to be used for new board members and possibly a potential partnership buy in or significant acquisition, just like the COO mentioned.

After the surprise acquisition of the Polyheist and Brilacidin, the lesson to me is, don't underestimate Leo Ehrlich and Dr Menon.

[Tails]

I think the reason Leo chose to file the shelf at this time is to let the shareholders get a grip on the magnitude of the coming corporate developments... HUGE.
Also, it is Leo serving notice to the investment community that is now or soon will be following CTIX that he has a firm, steady grip on the tiller and is executing pro actively to the shareholders benefit.

Again, I suggest the actions of CTIX are not unlike the bold actions of the sister ship when at a similar stage. Hold on, it most likely will get exciting next 6 months.

This shelf is just one dot... pay attention to the many other dots is my view.

Go CTIX!