Replies to post #241461 on Innovation Pharmaceuticals Inc (IPIX)

[To infinity and beyond!]

that is the problem, isn't it? B goes from auction to auction and we the shareholders never benefit from a revolutionary franchise. Clearly appears to be the way it is going

[TheDane]

First, Ipix won’t go bankrupt. They owe no money. Second, they have a Term sheet sign with a Global Pharma. I take that to mean they are dealing in good faith.

[MMeyers]

Well, I took a looked at the latest SEC filing, and indeed IPIX is BANKRUPT...i.e. assets of $4.4 million and liabilities of $8.6 million. Cash on hand is down to only $748,000. And it looks like everyone at IPIX is working without pay as millions of back pay is owed.

So what would someone pay for a BANKRUPT company? Who knows, but I doubt very much.

I'm still trying to figure out how I ever invested any money in this stock. It was a fling from the beginning, but one where I obviously didn't do proper due diligence. Instead I listened to some seemingly knowledgeable people here. Live and learn.