Replies to post #390357 on Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

"The IPIX Business Development Director was hired for their expertise in deal making"

The "investment" announced by IPIX yesterday has nothing to do with Business Development or deal making.

It's a minority stake in a MedTech company.

The only reasonable conclusion is that this is another way for Leo Ehrlich to siphon money from publicly held IPIX to himself and his cronies, using privately held SML as another vehicle for doing so.

And to be fair, Leo is good at that (although not at anything else).

Diverting $4 million of IPIX funds without so much as a by-your-leave certainly shows an impressive amount of chutzpah. Not to say contempt for his shareholders.