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Innovation Pharmaceuticals IPIX
Posted On: 05/10/2016 1:41:19 PM
Post# of 72447
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Posted By: Dynabolic
Re: takingabath #22239
Because uncontrolled debt can be a major negative during lots of considerations, including negotiating collaborations. I wouldn't want Leo walking in on his last few thousand dollars. Not to mention the fear that shareholders would experience if the cash on hand value dropped to a few weeks of operations - Leo was simply being prudent, keeping the business and shareholders in mind. Thus, the day after 10q is released, we are flat - not decreasing, current investors are happy!













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