Replies to post #279904 on Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

He implied that item 1.01 of 8-k was gray.
He did say they would have to file under item 2 of the 8-k.

[loanranger]

This wasn't my question....I was quoting the person who asked it:
"Wouldn't that fall under Entry into a Material Definitive Agreement per item 1.01 of form 8k?"

I provided a little more than "No" for an answer because "No" isn't always the right answer depending on the materiality of the lease agreement itself.

Here's my response again. Take your time and feel free to disagree....more than one word and your reason for disagreeing would be helpful.

"Probably not...especially if it's one of those shared offices that the address suggested to some. "Material" can be a vague term but the monthly rental for such things probably doesn't meet the definition. I'll bet it's for a year or less anyway.

But there's a related event that WOULD require a filing and that's an agreement with the Beverly landlord to settle the existing lease. That Agreement IS material and such a settlement would require a filing under 8-K Item 1.02 Termination of a Material Definitive Agreement."