Replies to post #116607 on Innovation Pharmaceuticals Inc (IPIX)

[Drano]

There's lots of stuff he did not respond to, as being beneath notice -- for instance, the jerk's claim that he would "be pilfering the cash" from the company. I think he was absolutely correct in not addressing the real personally attacking BS and sticking to the attack on whether the offices were real (sigh) and the science.

[thefamilyman]

Did not most, perhaps all, of those "shady" associations occur with the previous CEO of CTIX?

Leo did not address the associations with shady financiers. He clearly could not refute them, but that is not surprising. Early funding for micro-cap start-ups often requires dealing with the dregs of OTC capital finance. Their money is green but often so are their ethics and judgement.

Anyway, the company is with Aspire Capital now and it is a legitimate financier. The short article just sniped at some Aspire deals where the stocks dropped afterward (article was selective with the examples and the time-frames, how convenient, and irrelevant). Hardly Aspire's fault or an indication of finance fraud.

One of the many things I enjoyed from this episode: I got a much better understanding of Prurisol...
- frrol