Replies to post #154918 on Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Farma, Nice honest view of this investment. The Karin interview brought up positives/negatives that some have had. Management change was clearly needed. Leo did a nice job rescuing the company from dead, but wanted to expand too fast without having proper structure/financing. Now, he brings in Dr B to entice partners and build the company out. Still concerns about cash and stock price going forward.

[casher]

Thanks Farma, it's nice to know there are others in the same boat!
I brought in about 3 years ago at $1.69, then sold in November 2014 as I moved countries and changed brokers. I missed the run up in December, and due to delays with banks, was not able to buy back in until late Jan. I was as excited as most here around that time, and went all in with more than I should have at a price I wish I didn't. I'm now holding for dear life, I have all my eggs in this basket and I am exhausted with the ruthless drain on my investment.
I do know what I own, although I have made a poor decision not to diversify my portfolio. I constantly review the market and know (imo) that when we complete all our pending trials, we will be glad we held.

GLTA

[Amatuer17]

Farma - good write up.

I am in the same club of 'my worst investment'

Entered for K prospect and stayed for P and B.

Never fan of Leo - in fact always criticized him for his style including bad PR.
I think he screwed the great opportunity of having great potential products on hand. Did some stupid stuff and believed in his own capacity with overconfidence and never build a good team in last 3 years.

The products did not fail in last 3 years but he failed as CEO and lead and made my CTIX investment as the worst one.

[cybermich]

Imo..

Thank Leo and Menon for the science..

Thank Mako and the shorts for the (unreasonable) collapse in share price

Thank God the science is still holding up..

Imo good luck picking the direction of ANY speculative small cap biotech stock..
if your "other investments" are up.. and if they are in the same category as CTIX
it is more luck than anything else. the "end game" is all that really matters here.
The science either works or not. Until the science is realized (and revenue).. the
share prices of these companies can literally go anywhere.

Good luck with your speculative investing.

[frrol]

The "low" share price is just keeping the company from doing trials at the pace it would like. Happens with young biotech. Still loving this investment.

[Loose Lips]

I'd like to remind everyone, and any new investors who may be reading and not posting, that Leo has stated many times over the years that CTIX was not looking to partner or sell their drugs until they felt that they have maximized the value of them. I am sure it is highly likely that CTIX could partner or sell just about any of the drugs right now, as-is, but they will not receive as good a price for them as they will with the later stage trial data. Plus as the drugs succeed in later trials risk is reduced, and reduced risk for BP is worth lots of additional money. Leo is a shareholder and Menon is a shareholder; if they are confident that the drugs are working well, and that they have enough funding to continue pursuing trials for the next year, what motivation do they have to diminish potentially massive value just for the sake of partnership in the short term?

I am fully aware that CTIX does not currently have the funding to get any of the drugs through a phase 3 and to market, but they have sufficient funds for a year (even at current share prices) to continue trials and increase the value of the drugs for the future partnership/sale. Yes, more money now may allow for more speed on development, but that will likely only be through a crappy deal and defeat the purpose of maximizing value. Plus, if the plan reaches its time limit and doesn't work to get a better deal, then that tells me the management's backup scenario is that they will then partner or sell a drug for less money in order to keep solvent. It would not be ideal to have to do that, but I think that is a worthwhile gamble for the potential of stellar returns upon future trial success.

This is why I do not put any weight to the continued statements that CTIX can't find a partner, or that Leo has screwed up, or that somehow they are going to go bankrupt. They are choosing to continue down this short term path (which I admit is painful as a shareholder to see paper losses) in order to create a better long term gain for all of us.

[sox040713]

I bought with the understanding that CTIX is a decade long investment. But that doesn't mean I'll be holding blindly for ten years. Everyday I analyze the fundamentals of the company. The pipeline is much stronger than five years ago and a new President with proven track record is in charge. Although I would love to see the SP much higher today, the only price really matters is when I sell (hopefully five years from now).

But, hopefully, things will look better in a year or two. Still holding for the science. I never was much of an investment genius.