Replies to post #274181 on Innovation Pharmaceuticals Inc (IPIX)

[MXAMDUD]

but also very telling that Leo has resorted to the very worst form of financing because he couldn't attract meaningful outside dollars. again, another failure on his part and maybe very telling the drugs aren't that attractive to BP

[frrol]

Yes it could be worse, we could have no one willing to underwrite (buy directly) the shares anymore, in which case the company would fold.

We've got a financier, they're willing to take on up to 300MM more shares, and it's enabling us to keep operating and develop the B and K pills and get a B-OM partner.

(Note: the MFO is an underwriter more than an investor. It sells into the market most of the shares it buys from us. It does keep some as an investment, but relatively little.)

[Amatuer17]

Seems time changed and time changed.

At $3+ it was bad time to raise capital but at 10 cents great time to raise funds - and pay CEO salary.

Let’s wait for another trifecta and call every other post bullshit and things will turn out better.

Wait - after 4 years that strategy has not worked - but this time it will work and Leo the savior will pull the company out of Brialacidin curse.