If you subscribe to the theory that someone is actually using the methods detailed by AlanC (markers in a warehouse), then yes, only a sale or SEC action will make them cover. If they are slightly less immune to price swings than Alan suggests I would expect any deal or wildly successful trial could drive them to cover. This assumes there is a hidden iceberg somewhere beneath the surface of IPIX...something I am a bit skeptical of particularly after seeing how many shares were sold to Aspire in 2017.
Go IPIX!
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All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.