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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Maybe TheBunny is out of the hole for the solar ec

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Post# of 72447
(Total Views: 893)
Posted On: 08/21/2017 4:18:51 PM
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Posted By: sox0407
Maybe TheBunny is out of the hole for the solar eclipse today. Here are my responses to his usual FUD about the stock is untradeable and tax loss selling.

Quote:
I like the quiet before the storm. When the volume was average or high, some asked why are people selling? When the volume was low, some said the stock is untradeable. Well, untradeable would be 8-9 years ago when the daily volume was between 0 to 1000 shares.

It's no coincidence that the selling has reduced somewhat after the B-OM 100% enrollment PR two weeks ago. I think more people are willing to wait for result knowing the probability of success is high.

In the last 10-Q IPIX said they have enough money for operating expenses for the next 12 months, so they won't go out of business if there's no deal this year. I'm looking forward to the 10-K for an update on the financials next month.



Quote:
You probably know by now that I like to focus on the science instead of the SP. If B-OM and P both achieve positive results and the stock drops to 50 cents, I'll double down and I'm sure you'll buy also.

Every year I hear the tax loss selling, yet IPIX marches on with successful trials one after another. If B-OM and P are both successful, I think the SP will surpass the 52-week high of $1.50. Then some won't have to worry about selling for a loss if they bought in the past 12 months.



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