Here’s what Leo said one year ago.
“We will continue to gather information on Mako and his co-conspirators.”
http://www.ipharminc.com/press-release/2017/1...d-innuendo
Sullivan could still be looking for evidence of naked shorting or he didn't find any. Had Sullivan found actual evidence, I'm 100% sure Leo would have sued Mako for past and current damages to his company.
The following factors could explain the current SP.
1. Selling pressure by Aspire & Aruda
https://investorshangout.com/post/view?id=4917018
2. No immediate catalyst
We are probably one month away from P top-line data. Last year the stock nearly doubled prior to P results. This year the stock went up 50% prior to B-UP & B-OM results. You’ll see another run-up as we get closer to P results. If naked shorters are in control, there won’t be any run-ups because they can keep selling fake shares to suppress the SP.
3. Day traders
Believe it or not, some people trade this stock based on fundamentals. You might ask, why would penny flippers buy at 68 cents and sell at 70 cents for $20 of profit (hypothetical question)? Don’t forget, day traders do this for hundreds of stocks. If they make money in 50 stocks and each has $20 of profit, that’s $1000 of profit for one day.
I agree that longs like you and me aren’t selling, but most longs have reached their buying limit. I know this because an ask of 1000 shares at 70 cents can sit there for hours. We need new investors and that’s why I’m trying to attract them by posting due diligence information constantly. I don’t think telling new investors 50% of the shares were ‘short’ daily will help, unless they are shorts. You think you are exposting them, but in reality you are doing them a favor.
“We will continue to gather information on Mako and his co-conspirators.”
http://www.ipharminc.com/press-release/2017/1...d-innuendo
Sullivan could still be looking for evidence of naked shorting or he didn't find any. Had Sullivan found actual evidence, I'm 100% sure Leo would have sued Mako for past and current damages to his company.
The following factors could explain the current SP.
1. Selling pressure by Aspire & Aruda
https://investorshangout.com/post/view?id=4917018
2. No immediate catalyst
We are probably one month away from P top-line data. Last year the stock nearly doubled prior to P results. This year the stock went up 50% prior to B-UP & B-OM results. You’ll see another run-up as we get closer to P results. If naked shorters are in control, there won’t be any run-ups because they can keep selling fake shares to suppress the SP.
3. Day traders
Believe it or not, some people trade this stock based on fundamentals. You might ask, why would penny flippers buy at 68 cents and sell at 70 cents for $20 of profit (hypothetical question)? Don’t forget, day traders do this for hundreds of stocks. If they make money in 50 stocks and each has $20 of profit, that’s $1000 of profit for one day.
I agree that longs like you and me aren’t selling, but most longs have reached their buying limit. I know this because an ask of 1000 shares at 70 cents can sit there for hours. We need new investors and that’s why I’m trying to attract them by posting due diligence information constantly. I don’t think telling new investors 50% of the shares were ‘short’ daily will help, unless they are shorts. You think you are exposting them, but in reality you are doing them a favor.
3
Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
