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Innovation Pharmaceuticals IPIX
(Total Views: 184)
Posted On: 01/23/2017 10:11:47 AM
Post# of 72447
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Posted By: Drano
Re: Chemdeps #30745
Here's a chart of AXON, which was heavily promoted by Wall Street insiders who are friends of the founder. Feuerstein was really pumping it. It had its IPO at 30, and now is trading at around 12.50. The stock price stayed up until the unusually short lock-up period ended, at which point the insiders sold it down hard. What is their wonderful pipeline that justified its multi-billion dollar market cap (currently 1.23 Billion)? It purchased one already-failed Alzheimer's drug from a big pharma that abandoned it. THAT is the kind of stock Feuerstein promoted. Do you think this thing is worth 10 times CTIX's value?

http://bigcharts.marketwatch.com/advchart/fra...p;state=11













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