Replies to post #147204 on Innovation Pharmaceuticals Inc (IPIX)

[someconcerns]

Youper, All excellent points. Further, if Leo thought there was any doubt as to the success of the pipeline, he would have taken down the full amount of funds from Aspire and then paid off amounts due him from CTIX. Instead, he continues to hold a very large number of shares.

Yooper61 Tuesday, 05/10/16 09:56:13 PM
Re: MXAMDUD post# 147174
Post # of 147204

What if you were CEO? You knew B-OM was going slowly, and hypothetically, P is a failure, and you need $22M in the next 12 months. Would you tap Aspire for only $1.7M, post trial completion? He had immediate working capital needs (B-OM trial, changing CRO, ramping up for May start of B-UP). If Leo expected a lower sp due to P results, he would have diluted way MORE!