Replies to post #388811 on Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Paying back all of his loan is bad optics.

-We're very limited in our options for raising more cash without devastating dilution.
-Our cash is probably not enough to run a B-OM phase 3.

Given those two points, Leo thought it a better use of our limited cash to pay back his personal loan than to advance the pipeline.

That signals to me that he is not confident in his ability to raise more money and he has pulled most of his remaining risk here.

He's laser focused on advancing the pipeline and building shareholder value yet he's opting to use our limited cash to derisk his personal position.

I'm trying to keep my eyes on what he says rather than what he does but it's hard even for a chronic mark such as myself.