Over the last 90 days we traded about 17 million shares or about 265,000 per day for 64 trading days. Using that ratio during the 3.5 years the volume would have been about 68 million per year and the Aspire and Arruda selling combined would have accounted for about 8 million of the volume per year.
This is not nearly enough to drive down the share price from $4.00+ to .70 or less IMO especially when one considers all the success achieved by various trials during this period. I have no doubt the short position is substantial and much greater than the 1.2 million being admitted to. Go IPIX!!!
Please make the time to contact your Congresscritters and demand an end to naked shorting.

This link shows the volume and IPIX price for up to 5 years.
http://www.nasdaq.com/symbol/ipix/historical