Replies to post #227813 on Innovation Pharmaceuticals Inc (IPIX)

[Blue Fin]

This is extraordinary planning and shows just how forward looking and the executive abilities of a CEO / Management.

Quote Call Me Crazy:
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
Quote:

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
Quote:

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.