Replies to post #161040 on Innovation Pharmaceuticals Inc (IPIX)

[58nout]

Thanks Karin. Yep there it is. What makes Sullivan able to use it:

The decision by management was made after factoring in today’s regulatory and litigious climate

with which Cellceutix has unfortunately become quite familiar.

GO CTIX



prayers up for all the victims of hurricane Matthew

[frrol]

These were accounting write-downs of intangible assets and can't be what the Rosen reply was referring to. Write-downs are non-cash charges and so don't provide funding; they just shift balance sheet accounts. The company must have actually sold some patents, raising cash.