Remember the scam company AXON? Did an IPO for 2.5
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Posted On: 01/08/2018 10:58:48 AM
Remember the scam company AXON? Did an IPO for 2.5 Billion with a B bucks, for their wonderful Alzheimer's drug which they bought for 5 million bucks after it had been shelved by a big pharma for lack of efficacy.
Wall Street, including Adam F-stein, pumped it like crazy. Then, a couple years after the company went public (and the initial investors sold their stakes after an unusually short lock-up period), they finally admitted that one drug was useless, and the stock price tanked.
Now, today, they've admitted that their other drug they were supposedly developing is also useless. Stock cut in half from its already low level.
So now a company with no viable drugs in the pipeline has a market cap of:
298 Million.
What is IPIX's market cap (with its 3 different drugs in successful clinical trials for many different conditions) --
IPIX market cap, 105 Million.
IPIX is valued at about 1/3 of a totally failed company.
The next time the creeps at lieHUB try to claim that "Wall Street doesn't trust Leo" you might want to mention that Wall Street doesn't seem to know anything.
Wall Street, including Adam F-stein, pumped it like crazy. Then, a couple years after the company went public (and the initial investors sold their stakes after an unusually short lock-up period), they finally admitted that one drug was useless, and the stock price tanked.
Now, today, they've admitted that their other drug they were supposedly developing is also useless. Stock cut in half from its already low level.
So now a company with no viable drugs in the pipeline has a market cap of:
298 Million.
What is IPIX's market cap (with its 3 different drugs in successful clinical trials for many different conditions) --
IPIX market cap, 105 Million.
IPIX is valued at about 1/3 of a totally failed company.
The next time the creeps at lieHUB try to claim that "Wall Street doesn't trust Leo" you might want to mention that Wall Street doesn't seem to know anything.
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(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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