True. There is always another share authorization vote available. Always. What are you going to do? Vote no and let the company go under? Of course not. You'll take the 50% cut like a good shareholder and keep the faith that the big one is just around the corner.
Once things get too dicey with that approach we can always reverse split as many times as needed.
If B-COVID fails, IPIX won't die, it will just find new shareholders.
IPIX is the gun not the man holding it. Shareholders are the ammo.