Replies to post #176177 on Innovation Pharmaceuticals Inc (IPIX)

[ericseb2003]

A Spa is a place that perma-bulls of CTIX have not been able to afford to get themselves pampered at fir the past 2+ years? JK of course, but glad to see board waking up to warnings of former big-time CTIX longs, such as myself, that this is a risky play with limited sustainable upside until the company gets much better capitalized. A big dilutive raise would be best option, as currently literally hundreds of tiny bios thinking knight in shining armor is going to save them from financial ruin, just not in the cards for BP to be doling at billions to each of these hundreds of micro/small/mid cap bios. All have interesting pipelines, and each mb assumes a deal is coming any day now. That deal almost always never comes.

Some point I believe Leo is going to have to bite the bullet and raise the needed 10s of millions in financing via a big dilutive financing. Thats Occams Razor of how this plays out. Unless P or B knock it out of the park, stellar deal is unlikely, BP has too many mature other assets can bid on, and CTIX has no leverage to command premium price for deal unless results are total blockbuster. Big gamble for longs to bet not only B or P meet endpoints, but knock it way out of park.

[DesireToLearn]

I was implying that it doesn't matter at the moment since they put it on hold to avoid larger dilution in hopes to partner. The topic and action will pick up again when they are ready.

Meanwhile, they have strong indication (at a low cost) that they can advance the pipeline. In my opinion, they are very confident in the antibiotic relative to competition that waiting can be the strategy. Maybe they should partner with the government since the lack of effective, safe antibiotics is becoming a rather large concern. Ha.