$2.2 million seems to be the number necessary for
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Posted On: 10/09/2018 7:03:18 PM
$2.2 million seems to be the number necessary for 90 days of operations. It’s the same number utilized June 30th to September 30th. I am inclined to think the same term sheet may exist but is contingent on BTD determination. This was a means to extend operations till the end of year for partnership or buyout to come to fruition. The $7.8 million is again a means to show potential partners that funding can come in other ways and should not be brought to the bargaining table as a tool to low ball.
If this is a bridge for the same term sheet in the 10k, then all I said in the past still in play minus Aspire. Management knows that if Aspire were used again, even for 90 days, it would cause a perceptual problem besides the fact that Aspire’s business plan leads them to unload gradually. The multi-office will not unload their acquired shares.
The other scenario is that management has withdrawn the proposed term sheet for whatever reason and will look to use the funds to get P results and add that to the mix.
Just my thoughts and opinions to the current state of affairs.
Good luck everyone
If this is a bridge for the same term sheet in the 10k, then all I said in the past still in play minus Aspire. Management knows that if Aspire were used again, even for 90 days, it would cause a perceptual problem besides the fact that Aspire’s business plan leads them to unload gradually. The multi-office will not unload their acquired shares.
The other scenario is that management has withdrawn the proposed term sheet for whatever reason and will look to use the funds to get P results and add that to the mix.
Just my thoughts and opinions to the current state of affairs.
Good luck everyone
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(1)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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