Replies to post #244784 on Innovation Pharmaceuticals Inc (IPIX)

[petemantx]

Good point.

[DaubersUP]

I don’t think so. If this falls through there are others behind. Say Leo notifies this term sheet BP they just received a better offer......this BP says okay .... good luck. That means more time to go they next Term Sheet and DD. U have to get financing no matter what. U can’t just sit tight and think a deal will finalize. That would be a death sentence. Imo

[PlentyParanoid]

Groton, just one possible scenario that Leo needs to consider. I assume that negotiations with suitor number 1 are still ongoing.

1. Current term sheet is exclusive and it falls thru.
2. Second suitor signs a term sheet, also exclusive. Science DD may be done already but time is needed for legal/financial DD.
3. Repeat until a deal is done or all suitors are gone.

We can only guess what are the time estimates on this. And nobody is paying Leo for lost time.

[Giovanni]

Correct! However Leo needs his paycheck

Shareholders be damned:O(
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"I think it’s a reasonable assumption. If we had multiple bidders we wouldn’t need this financing. IMO"