Replies to post #227741 on Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

DaubersUP ... My take is the same as yours. Cutting out lab work on preclinicals reduces the amount of space and employees needed. My expectation is for the new offices to be smaller.

[Jhawker]

I agree it's not a move to go huge but it represents a fundamental change for the company and again this is the 1st time he has ever said anything like that.

[farrell90]

"I read it as downsizing to a small affordable BUSINESS DEV Operation. All deals, managing and reporting to PARTNERS."

I agree with your interpretation.

A smaller office is all that will be needed because the new partners will be providing the capital, planning of clinical trials, new drug development, marketing and sales.

GLTA Farrell

[CallMeCrazy]

I totally agree with you DaubersUP. Leo is focused on "BUSINESS DEVELOPMENT" and this is essentially an administrative function that does not require a workroom floor.

Additionally, the timing of this move is contractually opportune.

Page 13. Operating Leases--Rental Property

The Company signed a lease extension agreement with Cummings Properties which began on October 1, 2013. The lease is for a term of five years ending on September 30, 2018, and requires monthly payments of $18,000.

Page 13. Operating Leases--Equipment

We leased equipment under a non-cancelable operating lease that expired in April, 2018. As of March 31, 2018, there was no future minimum rental commitment for our operating lease for the next twelve months.

I think Leo has/is intelligently adjusting IPIX's infrastructure and equipment needs to better conform to the company's change in focus.

You don't have to be a "BULL", and I am, to see the wisdom in this.