Replies to post #396529 on Innovation Pharmaceuticals Inc (IPIX)

[shazamm]

Thanks, I’ll wait for other theories in the event that there’s more. One thing we do have, or Leo has, is a pubco that COULD have a more commercially viable asset merged in to it. I do get Leo is not the ceo that is capable of leading an organization and is obviously out for himself. However, let’s not forget, despite his siphoning of cash for his own overpaid w2 income, he is the largest Ipix s/h and stands to create serious wealth if ipix became the pathway for another bio related entity to be listed on the public markets and gain access to the possibility of corporate public capital. I’m willing to bet a lot that if that OPPORTUNITY ever presented itself, Leo would be all over it even with the loss of his $500k annual salary!

[Snowy_Owl]

"he fixed up a deal with two of his Israeli buddies to take the majority of IPIX’ cash in exchange for a (very) generous kickback."
Is this an accusation of Leo Ehrlich using IPIX to commit international wire fraud?