Replies to post #176895 on Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

The key for me is, Leo didn't go to them. The investors went to Leo.

Message in reply to:

u never know, it could be Dr. Bertolino's friends at Pfizer that bought the placement believing that some form of partnership is possible. Either way being down only a penny on a capital raise is a vote of confidence that Leo found a deal the market approves.

[groton68]

I think a number of posts speculating that friends or business associates bought the offering because of inside information is just wrong. Leo and Art would not put themselves in that kind of position. It's illegal.