Replies to post #240756 on Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

What if BTD failure or IPIX's current stock price is being reviewed now? Is IPIX a sound partner right now regarding their finances? At this point, Leo's only two options are to sell or fold... The partner gossip was a dream too long...

[PlentyParanoid]

You are reading it somewhat incorrectly. Term sheet negotiations is not signed term sheet a.k.a. agreement. IT IS negotiations over what should be in term sheet. Correct reading of Pullan’s pyramid from CDA on follows.

CDA ---> Request for diligence, dropout rate 60 %
Request for Diligence ---> Term sheet negotiations, dropout rate 50 %
Term sheet negotiations ---> Signed term sheet, dropout rate 50%
Signed term sheet ---> Signed full deal, dropout rate 40%

According to Linda Pullan IPIX is facing historical 40 % dropout risk. And, according to her has so far survived historical 90 % dropout risk since CDA stage.

[frrol]

That's a great read, thanks. The immediate jeopardy here is not that a BP doesn't want to partner (that chance is about 50/50 according to your link), it's that we don't get funding to start operating for the months it takes to reach a deal. We're in a tight capital bind here.