So Aruda is selling, Bertolino is selling ( all his restricted stock is now vested ) and projected expenses for 2018 are 12MM ( 12-3 = 9 so Leo needs to sell 18MM shares at .50 lol price won’t stay there hence death spiral) I think IPIX is done because imo Prurisol fails ( the data will be spun but it fails ) and potential partners want a bigger trial To even consider partnering B.
Dr. Menon gave away 16M shares on purpose to dilute the stock and lower the price faster so his 'con' can last shorter. Makes perfect sense. To further get people's attention about his 'con', he reduced his salary by 50%.
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