Replies to post #121218 on Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

Fully reporting strutting Nasdaq ready company even setting up for its first annual meeting. And still listed on the pinks. Not that I think this will still be on the pinks when we have our meeting. Leo did not say either way keeping that verbiage out of the press release thankfully. It has no other meaning than to be keeping in mind that Leo is moving forward. Not a prerequisite to up listing but a requirement after. If the timing works out having to wait for top line kevetrin data then as someone mentioned, looking at spring time, possibly at ASCO 2016. If prurisol or brilaciden put us over the top to meet requirements first then sooner. Projecting Oct-Dec this year. Think I mentioned towards the end of next summer for the meeting. One bridge at a time though right? Pulling a Braveheart here, stay the course. 1.60's - $2? I'm still trying to munch what I can here. Silly seeing this at this level considering the fundamentals. Oh yeah, today is 9/9/15. 10K any day. New chant. :-)

Note to SABAI, yes ~ straight from pinks to Nasdaq is what we're looking at. And NO reverse split to get there either.



TOB to BigK

The Annual Shareholder Meetings are indeed standard corporate governance which is normally specified in the bylaws. It was clearly in the cards this year after the 10-K.


Quote:
--------------------------------------------------------------------------------
Has anyone discussed that the planned first annual meeting as one of 2 major missing elements for uplisting that NASDAQ wants to see? No one discussed that but lots of people think a meeting signals a reverse split? As I see it, the last 2 elements before an uplist, current audited financials and shareholder meetings. -BigKahuna
--------------------------------------------------------------------------------



I alluded to this in an earlier post. Not as a pre-uplisting requirement, though it would likely be helpful, but a post-uplisting requirement.


Quote:
--------------------------------------------------------------------------------
Annual Shareholders' Meeting is to formally elect the Board of Directors and hand out some pens or coffee cups. I'd heard of the existence of hats, but never got one myself.

These meetings are part of what is expected of a NASDAQ company. CTIX will "soon" be a NASDAQ listed company without any reverse splits. To me this opinion is obvious as a high probability. -TOB
--------------------------------------------------------------------------------



This is not a 'special shareholder meeting' to discuss restructuring as is being imagined, this is a new routine. Though it clearly comes at an exciting time in Cellceutix's development. It may be routine but it should be fascinating for shareholders.