"The CEO has been very frugal and has done a lot with only a little dilution."
Frugal is not a word I would use to describe the CEO based on a couple of things. For starters, the lease agreement, executives salary, and poor management. Those are main parts of why ipix finds themselves in the position they are in today. I believe most frugal, and wise, CEO's would have figured out a better outcome to/and aviod(ed) where we lie today.
jmho
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