speaking of .. latest legal out and the 850k~ i'd
Post# of 72447
https://investorshangout.com/post/view?id=5239589
remember *volume* kicked in on 9.12.18 .. the day following the K's filing on 9.11.18 .. and clearly reduction from 1.4M~ to 837k is significant ..
more than curious to see if able to be maintained ..
http://otce.finra.org/ESI
Settlement Date
Issue Name
Symbol
Market
Current Short
Previous Short
Chg
% Change from Prev
Avg Daily Vol
Days to Cover
10/15/2018 Innovation Pharma IPIX 837,018 1,431,819 -594,801 -41.54 1,564,408 1
volume avgs are *off* just a bit from what NR reported ..
9.28.18 (EOQ)
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.202Down -0.0629 (-23.74 %)AS OF 3:59:49PM ET 09/28/2018
Last Trade 0.202
Trade Time 3:59:49pm ET
Change -0.0629
% Change -23.74%
Bid 0.202
Bid Size 2500
Ask 0.21
Ask Size 5000
Open 0.264
Day High 0.264
Day Low 0.1895
Previous Close
09/27/2018 0.2649
52-Week High
12/06/2017 1.17
52-Week Low
09/28/2018 0.1895
Price Performance (Last 52 Weeks)
09/27/2018 -63.46%
Volume 1,420,473
Volume (10 day Average) 600,132
Volume (90 day Average) 235,448
10.15.18 ..
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.1856Down -0.0144 (-7.20 %)AS OF 3:59:45PM ET 10/15/2018
Last Trade 0.1856
Trade Time 3:59:45pm ET
Change -0.0144
% Change -7.20%
Bid 0.18
Bid Size 5000
Ask 0.188
Ask Size 12100
Open 0.20
Day High 0.24
Day Low 0.18
Previous Close
10/12/2018 0.20
52-Week High
12/06/2017 1.17
52-Week Low
10/11/2018 0.159
Price Performance (Last 52 Weeks)
10/12/2018 -71.02%
Volume 660,059
Volume (10 day Average) 794,792
Volume (90 day Average) 327,528
10.24.18 ..
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.148Up 0.011 (8.03 %)AS OF 3:58:50PM ET 10/24/2018
Last Trade 0.148
Trade Time 3:58:50pm ET
Change 0.011
% Change 8.03%
Bid 0.14
Bid Size 5000
Ask 0.148
Ask Size 5000
Open 0.1375
Day High 0.148
Day Low 0.128
Previous Close
10/23/2018 0.137
52-Week High
12/06/2017 1.17
52-Week Low
10/19/2018 0.12
Price Performance (Last 52 Weeks)
10/23/2018 -79.70%
Volume 847,006
Volume (10 day Average) 1,020,192
Volume (90 day Average) 387,681
Market Capitalization $22.35M
Shares Outstanding 163,104,000
4kids
Quote:
As I've said many times, NO ONE knows who is selling, or whether it is shorting, or whether it's naked shorting.
Here's what I do know:
A multi-family office that is willing to put as much as 10 million bucks into this company knows all about what's going on in the company. WE know that there could be any number of catalysts in the next days and weeks. THEY have more information that we do.
Does it make sense for a MFO to put money in a company, going through all the convoluted paperwork that this kind of deal entails, and then they decide to short the stock (as you posit) in order to make a few thousand bucks? Even 100k profit is not worth it for them, when they could make a 10% dividend by investing in certain of the Business Development Corporations, or 4% dividends from various blue chip stocks.
Why would anyone go to this incredible hassle for small profits that they could make more easily with quick and easy investments?
It's much more likely that they are investing because they see this as an opportunity to make huge profits.
I refuse to be drawn into a discussion of what someone thinks someone else might be doing. We don't know.
But what we DO know is that shorting this stock for pennies would be a ridiculous move for a MFO just to make small profits.
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