Replies to post #377631 on Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Because Keventrin was valued at some fraction of $20M a couple years ago when our market cap was that low.

Maybe starry-eyed dreamers on stock message boards aren't the best metric for valuation of OTC companies. 10x what the market is currently paying is probably a pretty good result if it is locked in shortly.

Go IPIX!

[BonelessCat]

More important than potential, look at the financials bottom line. Anyone offered a billion cash and securities for lock, stock and barrel, and turns it down for a better offer, is an idiot. There’s nothing wrong with 2.50 a share for a company with $400 million invested and currently trading at 1/12th the price. Otherwise, show me that it’s worth more for a company with one marketable drug in development. I’m all ears.