Replies to post #248436 on Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Lol! Up really is down with ipix.

I was thinking, when the end of phase 2 mtg comes and goes and btd is not awarded, and the “big deal” still hasn’t materialized, what will be the next events we are waiting on before Leo can strike a deal. There must be new moving goalposts longs can set their sights on. Not too near but not too far into the future. 60 to 120 days seems about right for the next events.

[MinnieM]

The quoted part goes with the following bolded sentence after it.

Excellent post-DaubersUP.

Reading between the lines, as you suggest, it seems to me that Leo has been working to strike a business deal for a bit over a year now and, despite IPIX's weak financial position, he knows that our pipeline is valuable and he is unwilling to strike a poor deal that yields a small fraction of what IPIX's pipeline, or any part thereof, is actually worth.

I find it heartening that Leo has been at this for more than a year and has not struck a deal. Our pipeline has broad implications and there are many variables to be hammered out.

I think after BP completes their due-diligence, part of which is coming to understand that Leo's not going to give away the store, then a deal will be forthcoming. I don't know when that will occur, but sucker deals usually occur rather quickly.

I took the point to be that he/she believes that the longer it took with more variables worked out the value of a deal might be higher.



In Reply to 'loanranger'
"I find it heartening that Leo has been at this for more than a year and has not struck a deal."

[CallMeCrazy]

"... sucker deals usually occur rather quickly."

Message in reply to:

"I find it heartening that Leo has been at this for more than a year and has not struck a deal."