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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

There seems to be less and less in-between in toda

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Post# of 72447
(Total Views: 289)
Posted On: 06/07/2017 6:43:53 AM
Posted By: BooDog
Re: AlanC #34511
There seems to be less and less in-between in todays market. Either a company is trading astronautically above book value or buried in the dirt. Granted I get that start up bios don't have the revenue to prove a book value other than physical assets they might have but the burn rates usually erase all of that. Thankfully Cellceutix's burn rate is almost non existent compared to other start ups, even those that have managed to up-list on partnerships. With our pipeline just now teasing big pharma and results on the way, when we do see them and they're as good as we hope they are, I just hope we see that news while the market is closed.

It's been a long time since I've seen an OTC stock bid its way up the ladder big time in pre-market with no volume. Potential for a major gap up is getting closer and closer. Really though, even if news hits during market hours, I'm thinking this could run for a while with multiple gaps up daily. We'd see some volatility sure but if we get swallowed up by not just a big pharma but a major pharma, it's game over for shorty.


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