Replies to post #401522 on Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

Thanks.

So we learn from this 8-K, part of which was several days overdue, that the BoD of IPIX now consists of a single Director, Leo Ehrlich himself.

While in terms of Corporate Governance it leaves a little to be desired, at least Leo will have even less resistance to setting his own remuneration at whatever level he chooses.

He already receives annual remuneration in excess of $600,000 for the fine job he’s doing, but I see a substantial rise on the cards.

[PJ007]

You know they don't have to come up with the judgement if it's appealed.....wow

[zandant]

Thanks for the update. Looks like the shell has gotten even thinner now that the "independent" Board has resigned.

[loanranger]

"On January 31, 2024, Barry Schechter and Zorik Spektor each resigned from the Board of Directors of Innovation Pharmaceuticals Inc. (the “Company”), effective immediately. Their decisions to resign were not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices."

Just boilerplate.
Did they agree "that the lease relating to the Company’s prior principal executive offices terminated in September 2018"? Wonder how they feel about hopping on the LE gravy train now?

Guess they coincidentally decided that they had had enough on the same day?
This won't protect them from any legal actions that might come up. They were appointed in 2015 and the million dollar boner happened in 2018.
Were the Directors and Officers premium payments up to date?