Replies to post #274489 on Innovation Pharmaceuticals Inc (IPIX)

[Empiricst1]

Ouch, reality bites.

[DesireToLearn]

So, if all goes well meaning partnerships on BOM and K, we will still need to sell 250k shares a day? Does that imply we will then move other B indications forward?

[loanranger]

"Yes we currently sell approx 250,000 shares a day on average to fund operations."

That's false. The common shares being issued aren't being sold, they're being issued based on the conversion of preferred shares.

I'm not sure how you got to 250,000 a day, but 228,000 shares worth of cash is going out the door a WEEK for salaries for the three Officers, exclusive of bonuses, payroll taxes and benefits.