Replies to post #231055 on Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Follow up question:

Why didn’t Leo raise more money at $5, $4, $3...

[kfcyahoo]

PP,

Nice summary. I'm not sure what the current head count is, the ceo/cfo has not responded since early May. I suspect there are at least four there, they being the ceo/cfo($1,276.30/calendar day(cd), KM($638.15/cd), AB($1712.79/cd, and JH($605/cd) based on the 2017 10k and the feb 2018 10q denoting KM's 50% pay reduction. Those 4 salaries total $4232.24/cd (which include bonuses of $176000 for AB and 76313 for JH), assuming no change from 2017, or $380,901/q(29.3% of the $1.3M raised in 2018 Q1) Never mind any other costs.

[frrol]

Couple things:
1. Chart is unclear. How can Q4'17 closing price (.70) not be the opening price of Q1'18? Are these really "open" and "close"?
2. IPIX management was not preparing to go it alone. I'm pretty sure it was expecting to have a partner sometime in Q1'18, if not in 2017. I think it is taking longer than they thought, just like the P trial has. This double-whammy left us deep in Q2'18 with no partner, no P results, and no capital reserve. (Mgmt is scrambling. They started the radical cost cutting late last year. Good for them.)