Innovation Pharmaceuticals Inc (CE) (IPIX) Cotización

“ Are IPIX shareholders destined to lose our control over Brilicidin?”

Best as I can gauge, IPIX shareholders never had any control over IPIX.

Leo Ehrlich long neglected his fiduciary and other responsible governance responsibilities to his investors ( or “marks” as he and Mr. Bean invariably refer to you). more recently he has also decided to ignore his legal responsibilities under US Securities Laws.

Are IPIX shareholders destined to lose our control over Brilicidin the same way we got it; through a bargain basement bankruptcy auction?
gh

Attorney Dwyer gave them to me. Gave them to everybody. If only you knew where to look.

It's little wonder that some people hold these shares.

When exactly did you gain access to IPIX emails?

Unbelievable.
Leo never "sent the mail" and Dwyer took the case in January of 2020.

I'm sure if Dwyer is taking the case, Leo had sent the mail.....

Could be they argued Leo thought he sent Cummings an email but it got stuck in the "draft" menu.

Did Leo send an email at the time?

It's too bad that the Appeals Court doesn't provide a .pdf of their docket items the way the lower court does. I'd like to know how IPIX responded.

Reply brief filed for Innovation Pharmaceuticals Inc. by Attorney Daniel Dwyer.

"after a lengthy pause due to the Israel war with Hamas". Sez you. If Ehrlich thought he could sell that story we would have heard it before YOU told it.
Or maybe BeaMed made an announcement to that effect and I missed it. Did they?

Hi, Pete. Good to see your post. I agree with you that we need a "white hat" company to carry the ball from here, and it looks like our best hope is our investment in BeaMed Pharma and their StingRay laser system, which, after after a lengthy pause due to the Israel war with Hamas, has begun to move forward as demonstrated by two recent hires. Our potential there is big, along with Brilacidin. I still hold out hope.

Virtually identical! Except for the no email part.

You are correct. It just all seemed so similar to the Innovation case. I should have read more carefully!

"So Leo did provide notice to Cummins before the renewal date, albeit through email, which was not an approved means."
IPIX sent no such email and the article doesn't say that it did.

The case(s) referred to in the article involved leases with similar if not identical terms regarding the notice requirements regarding automatic renewal and in one case the Judge ruled that, even though the lease explicitly precluded email as a proper method of communication, he decided as the article headline states: "Email to landlord was sufficient written notice of nonrenewal".

The Exhibit List in the IPIX/Cummins case does not include an email from anyone at IPIX during the option period indicating that there was no intention to renew the lease. It seems obvious then that even if the current Judge was inclined to accept email as an acceptable form of communication it wouldn't matter at all.

This case and the case(s) in the cited article are different in the most critical of elements.

Note from current Appeals Court Docket:
11/26/2024 #19 Motion of Appellant to extend date for filing Reply Brief filed for Innovation Pharmaceuticals Inc. by Attorney Daniel Dwyer.
11/26/2024 RE#19: Allowed to 1/19/25. *Notice.

The article that you linked is not the complete article, which can be seen here:
https://masslawyersweekly.com/2023/06/12/email-to-landlord-was-sufficient-written-notice-of-nonrenewal/?utm_term=Email%20to%20landlord%20was%20sufficient%20written%20notice%20of%20nonrenewal&utm_campaign=Email%20to%20landlord%20was%20sufficient%20written%20notice%20of%20nonrenewal&utm_content=Editorial&utm_source=Act-On+Software&utm_medium=MALW&Email=ddwyer@verrill-law.com

The article makes no mention at all of Innovation Pharmaceuticals.
The thing that IPIX and the other plaintiffs had in common were the terms of the lease and the lease extension.
(See response to subsequent post.)

And the ubiquitous psyop continues...........

So Leo did provide notice to Cummins before the renewal date, albeit through email, which was not an approved means. The appeals court does not agree with Cummins according to the article.

Found this on the lawyers website:
Partner Daniel J. Dwyer was recently quoted in Massachusetts Lawyers Weekly article, “Email to landlord was sufficient written notice of nonrenewal”. The article discusses the recent ruling from the Massachusetts Appeals Court stating an e-mail by which a commercial tenant notifies its landlord that the lease will not automatically renew suffices as notice of non-renewal, even in a lease stating that e-mail notice is not effective.

In 2018, Dwyer won a similar trial against the same landlord, Cummings Properties LLC, and the verdict was affirmed on appeal. He believes that the Appeals Court has” had it” with Cummings Properties’ treatment of its commercial tenants. He went on to say that the Appeals Court, “knows that the automatic extension cases it sees represent just a fraction of the times that,” according to the trial judge in the recent case, Cummings, on receipt of notice, ”covers its ears like a child unwilling to listen to a piece of unwelcome information” in order to cause an automatic lease renewal to occur and thereby to deliver a devastating financial shock to one of its tenants.

Did you get in on that trump meme coin?
Cuz that's definitely not a scam.

Chilling to me that I now consider Leo in the same light as I view Biden; wouldn't trust either of them. DC got a major do-over, hope that IPIX gets the same (but then who would come to IPIX right now). It seems both have been more caring about their own fortunes than those of the public/shareholders for whom they were supposed to be working. The current rental lawsuit was the final slap in the face considering that IPIX hasn't had more than two employees (1 maybe who ever went to the office) and no need for a lab for over 10 years now and yet Leo felt we needed to lease such space. Still believe in B but IMO some white hat is going to have to come in to pick up the ball (currently deflated) and run with it.

"its nice to see that you are still on part-time status......"

We know that's not true, but what is true is that the victims of penny stock scam IPIX and grifter Leo Ehrlich have had to take extra jobs to make up for their heavy losses, alimony payments ("you speculated on WHAT??") and frittered away college funds.......................

Thank you for the update mr. loan...its nice to see that you are still on part-time status......

Recent IPIX News
Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM

It's so nice to see tat the alumni keep coming back to visit.....

After 5 years of silence you wanted to post a message so that we know you are selling your shares. So very thoughtful of you.

https://www.ipharminc.com/press-release/2023/8/27/innovation-pharmaceuticals-announces-new-milestone-at-beamed-on-track-to-file-510k-submission-to-fda-in-q2-2024

BeaMed is on track to submit, in Q2 2024, the System for potential FDA approval via the 510(k) regulatory pathway.

“BeaMed remains steadfast in its commitment to help patients suffering from current gaps in care,” said Gil Shapira, Co-Founder of BeaMed. “Our goal with the StingRay system is to commercialize a novel technology to treat previous inoperable cases of epilepsy and improve outcomes in other surgical-based oncology procedures. It’s exciting to think that in approximately one year this may be a reality.”

Tic Tok

Has anyone heard from Leo? His long silence has not been appreciated.

Excellent call!

You certainly taught those worry warts a lesson!

🤣

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173175948

Haven't checked in here in over 5 years. On a whim decided to check out the old forum I used to spend much time on back in the day. Honestly surprised there are still posts here. 

 I was very interested in this as we were told there were several drugs in the pipeline at various phases. Some in or near phase3 with potential for big partners. I still hold and will finally sell to offset gains for tax purposes. I accepted we were being strung along several years back.

Good luck everyone. 

IPIX is dead.

I'm flattered, but I assure you I'm not loanranger.

I'm not even Tonto, just a semi-retired Pharma Corner Office Executive who knows a penny stock scam when he sees one.

Thank you Mr. Loan

Some sage advice from the estimable @Renee

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175657015

Brush up on your reading.
"They can't sell them, lend them or use them as security. Hence they are currently worthless to IPIX. "

Thank you for helping to dispel the misinformation purported here on a daily basis.

They have no choice but to wait....the lien will obviously accrue daily interest....It would be advantageous for Leo to pay it sooner than later. In my opinion, he should pay it with his own funds since it was his F up!!!!!

If appeal fails, won't they owe right away? Doubt plaintiff will wait for IPIX to succeed/fail.

They are not worthless.....if the company succeeds and the share price of IPIX goes up, Leo can sell IPIX shares and pay off his debt to Cummins and the court will release the lien. Thats how liens work......

As you quoted "On June 9, 2022, Innovation Pharmaceuticals Inc. (the “Company”) entered into a Series A Preferred Share Purchase Agreement (the “Purchase Agreement”) with Squalus Med Ltd., a company established under the laws of the State of Israel (“SML”), pursuant to which the Company purchased 55,556 shares of SML’s Series A Redeemable Preferred Shares (the “Series A Shares”)"....
....and it is those shares that are now useless to IPIX. They can't sell them, lend them or use them as security. Hence they are currently worthless to IPIX.

Shareholders of the Company need to know that.

There is no laser, there never was a laser, as far as ipix shareholders are concerned. 

IPIX purchased and still owns a substantial interest in BeaMed according to a prior IPIX announcement in 2022:
INNOVATION PHARMACEUTICALS, INC. BOUGHT 41.6 % OF SQUALUS MED, LTD. (NOW BT BeaMed Technologies)
IPIX has bought a sizable stake in an Israeli company that has a novel laser ablation technology, Squalus Medical, Ltd. (now, BT BeaMed Technologies.

Per new 8k- Item 1.01 Entry into a Material Definitive Agreement.

On June 9, 2022, Innovation Pharmaceuticals Inc. (the “Company”) entered into a Series A Preferred Share Purchase Agreement (the “Purchase Agreement”) with Squalus Med Ltd., a company established under the laws of the State of Israel (“SML”), pursuant to which the Company purchased 55,556 shares of SML’s Series A Redeemable Preferred Shares (the “Series A Shares”) and a warrant (the “Warrant”) to purchase 27,778 Series A Shares for aggregate consideration of $4,000,000, or approximately $72.00 per Series A Share. Following the closing under the Purchase Agreement, the Company owns approximately 35.7% of SML’s issued and outstanding equity securities and approximately 41.6% of SML’s equity securities on a fully diluted basis. The Company also entered into customary investor rights and indemnification agreements with SML." IMO, There is every reason to believe based on news of recent BeaMed hires that things are moving forward with the amazing StingRay Laser System.

He's been put on part time status!!!!!

4 days does seem like a long time to wait for a response. Especially when it's the same poster.

4 million does not equal 1.4 million and 1.4 million does not equal 4 million. Only in agenda driven mathematics is this the case.

So yea IPIX does have a stake in BeaMed. A big one

IPIX is dead. The company stopped reporting. That means ur fucked.

"IPIX put that asset up security, but continues to own their interest in BeaMed. It is worth far more in future earnings than 1.4M."
They lost their case and as a result were REQUIRED to post the only asset they had that could act as security for the judgment. It is now USELESS to them. Do you really expect them to win their appeal? Do you know what happens if/when they don't?

In 2020 a poster noted that Leo/IPIX was stiffing Menon and Cummings. You said ""Stiffing" these individuals carries the accusation that Leo NEVER INTENDS TO PAY THEM. We are well aware of these liabilities. But without evidence that they will never be paid, it's BULLSH-T."
I guess it's too soon to call it never, but it is 4 years+ later and both parties remain stiffed.

Wrong for 8 years and counting:
"Incredible prospects for a super cheap stock! I am adding."
(your first post)

Does anyone even know what’s going on with the laser as far as production etc

Funny how Mr. Know it all Sunspotter NEVER responded to my post.
He always has some response. After all he has over 50 years of KNOWITALL experience..
He had to wait for LoanRanger to get back in to the office 4 days later to help him out.
BTW IPIX has a $4,000,000 stake in BeaMed and so Cummings(owed a little over $1m) would be entitled to a fraction of the shares once the Laser gets approved.
So yea IPIX does have a stake in BeaMed. A big one.