Replies to post #47757 on Innovation Pharmaceuticals Inc (IPIX)

[MrW]

I see what you are saying, but Apple had credibility before it went nuts.

Until completed trial results are reported, this thing is Rodney Dangerfield.

[I Need Help]

A couple points to your post concerning a BOD. Don't expect to alter your opinion, but here are a few points to consider:

1) Before up listing to a major board, CTIX will need an independent board of directors.

2) Well managed companies (like CTIX) tend to appoint directors who can advance the company. Usually these advantages come from, counsel in areas of experience or expertise, contacts, and promotion.

3) Companies often need counsel in specialized areas such as: managing growth (up listing, other challenges), finance, accounting, legal, experience in compatible technologies, and benchmarking through respected CEO's, scientists, advocates, etc.

4) Directors often advantage a company through their own personal involvement or through contacts in government, business, sports, charities, etc. Some directors believe enough in their companies to directly invest. Insider buying usually advantages the share price.

5) Directors who believe in their companies, promote their companies. Sometimes this happens purposefully, sometimes coincidentally, word of mouth, part of a conversation, answering of questions ... .

6) Sometimes, relationships can breed new relationships. Sometimes, partnerships and associations start with contacts of a friend of a friend.

7) An independent board, like an independent lab, can enhance a companies credibility. Many investors feel more comfortable knowing that respected outsiders are helping in overseeing the major decisions.

8) A BOD can act as a buffer between the interests of management, investors, and other stakeholders. A good board will establish fairness, transparency, and objectivity (ideally).

9) No one can live more than one life. Having directors from different life experiences brings fresh ideas, solutions, and inventiveness. Combine innovative ideas in computer technology with the latest in biotechnology, chemistry, nanotechnology, human resources, ..., and who knows what 22nd Century technology will develop.

10) While the average retail investor may not care who sits on a BOD, I'm sure some do, some may just invest because they trust in a respected director or association, and I'm sure most institutional investors consider whether or not there is a BOD, and who sits on the BOD.

I am probably leaving out many other advantages a BOD can bring.

I share your sentiments on Mr. Gore. But, I could see how he could greatly advantage a company with his presence on a BOD. And, I don't like to admit this. Take for instance government or party contacts: as a Capitalist I hate to admit it, but companies are foolish not to think that government, and people in government can not adversely impact on a company. Sad but true and realistic.