Replies to post #206827 on Innovation Pharmaceuticals Inc (IPIX)

[williamssc]

Sad how some will come on and blatantly use scare tactics hoping to effect stock price. Over the years many just like that have come and gone.

[cybermich]

The only reason I am ever compelled to respond (to you know what) is due to the fact we have new shareholders on board.. unfortunately we have this "distraction" STILL.. and it got OLD a long, long time ago...

For any of us who have been here for any length of time.. we know
how ridiculous it is.

Looking forward to Bom results any day/any minute now:)

A true game changer for this company.

Good luck to all REAL IPIX shareholders.

[loanranger]

"Have you ever heard of SEC Form 4 filings? Those are the public notifications that must be released within a few days of officers of a company buying or selling shares."
You're right, of course, except instead of "released" I would have used "filed" and noted that the filing is the obligation of the beneficial owner and not the company. The company has an obligation, however, to review those filings (they're supposed to get a copy) annually and report any late filings....obviously they can't review filings that aren't made.

Here are the results of last year's review:
"Based solely on our review of copies of such reports filed with the SEC and written representations of our directors and executive officers, we believe that all persons subject to reporting filed the required reports on time in fiscal 2016, other than a Form 4 for Dr. Menon which was filed on December 18, 2015 relating to a transfer that occurred on November 30, 2015."
https://www.sec.gov/Archives/edgar/data/1355250/000147793216013164/ctix_10ka.htm


That's the only flaw in your argument ("So... where are the Form 4 documents? Where? There aren't any, that's where."). I'm not saying that it has happened here recently, but beneficial owners (officers, directors, 10% owners) have been known to fail to file and obviously they have been known to file late.


ps. re: "within a few days of officers of a company buying or selling shares" specifics per the Form 4 Instructions...."before the end of the second business day following the day on which a transaction resulting in a change in beneficial ownership has been executed"