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Innovation Pharmaceuticals IPIX
(Total Views: 256)
Posted On: 07/10/2017 2:19:53 AM
Post# of 72447
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Posted By: sox0407
Re: scgmck1 #35737
I agree that Aruda is done selling and Aspire is still selling. 5% of 130M shares is 6.5M shares. Financial reports show Aspire has bought that many shares long time ago. Now they have to sell whatever Leo sells to them to stay under the 5%. For the past nine months Leo has sold 5.3M shares to Aspire (10-Q). That created constant selling pressure on the stock.

I'm very proud of the way Leo defended the company with a lawyer of Michael Sullivan's caliber. When a partnership comes, IPIX can finally say bye to Aspire and say hi to institutions. That's when you'll see this puppy fly.

Quote:
One thing they didn't count on was Leo defending his company, and our science prevailing.














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