Replies to post #400495 on Innovation Pharmaceuticals Inc (IPIX)

[MackG]

Better read the 10Q again. It stated that the global product rollout would begin in 2025.

[olden_grumpini]

As of September 30, 2023, we had approximately $0.9 million in cash compared to $1.5 million of cash as of June 30, 2023, and as of the date of this filing, we have approximately $0.6 million in cash. Contingent upon sufficient funding, we currently anticipate that future budget expenditures will be approximately $1.8 million for the next 12 months, including approximately $0.6 million for development activities, supportive research, and drug manufacturing.

Approximately $300k burned in 32 business days (10/2 - 11/14).
The wording below is new, but doesn't seem like they've "stopped or limited" much of anything given their burn rate of nearly $10k/day.

As a result of our increasingly limited financial resources, we have stopped or limited discretionary spending in recent months, resulting in a significant decline in our research and development expenses, among other expenditures. In the event that we are unable to raise additional funds from others, we may be required to further delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our future business, operating results, financial condition and long-term prospects. There can be no assurance as to the availability or terms upon which such financing and capital might be available to us.