Replies to post #233951 on Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Agree. Here is what you need to know. Leo owns (through giving himself) tens of millions of shares. If ipix was actually close to a deal, diluting your company for a couple million makes zero sense. If ipix was actually close to a deal, Leo should have loaned the company money. He then could have paid himself back promptly and his massive shares wouldn’t have been diluted so severely.

[thefamilyman]

Because you need to have options going into a deal closing. Otherwise you may be forced to accept whatever last minute changes or conditions the other party attempts to impose. The recent Aspire deal tells me that this is not Leo’s first rodeo.

“TIAB,if they had a deal mostly wrapped up which is paying them over $10m upfront why in the world would they sell 16 million shares for only 25 cents each?” - Chronic

[To infinity and beyond!]

agree with what you say and yet most here seem to think the financing is good news