Replies to post #244086 on Innovation Pharmaceuticals Inc (IPIX)

[DrBones]

Agree 100%, why specify family office. News to follow funding very soon, IMO.

[To infinity and beyond!]

B OM P3 on their own? Why? What about term sheet? And BTD?

Partner bows out after DD after signing a term sheet, then?

[TheDane]

Golly, before deciding if it’s a good deal let’s see what Scottsmith and loanranger have to say. :-D

LMAO! No thanks!

Nice work, Leo!

[MackG]

Any way you read it, this is a major turning point for IPIX. I'm very excited for our future!

[loanranger]

"This is a close to the company and already heavily invested family imo. "

I didn't know this and just in case you didn't either:
Wikipedia says...
"A multi-family office (MFO) is usually an independent organization that supports multiple families to manage their entire wealth."

There's a bunch of them and I'm not sure that the one that invested here is a "close to the company and already heavily invested family".
https://www.google.com/search?q=%22multi-family+office%22&ie=utf-8&oe=utf-8&client=firefox-b-1

"pleased to report that it has secured new financing for up to $10 million from one multi-family office focused on healthcare and life sciences"


Seems to be like a private mutual fund.