As scgmck1 pointed out there were only 570K outstanding shares added from 6/30/18 thru 9/30/18. Also note that since the inception of the MFO deal and thru today’s trading (30 days since MFO deal) there has been NO SELLING OR SHORTING of IPIX stock by the MFO per schedule D of the MFO agreement. These 2 sentences are facts and cannot be disputed. So the obvious question is where has all the volume and downward pressure come from since 6/30/18? We can all debate that question and have our own theories. Would long term investors that have done their due diligence on IPIX science and market opportunities sold at these 12 to 50 cent prices? The only theory that makes any logical sense to me is that the MM’s and NSS have created artificial volume in an attempt to acquire enough shares to attempt a controlled take-up once blockbuster news hits (Big Pharma royalty deal). I really don’t care who agrees or disagrees with my opinion on this. IMO the 10Q was mostly non-eventful. The 10Q clearly did however show that IPIX management is being extremely frugal in spending money until non-dilutive funds come their way as part of a royalty agreement. The fact that IPIX has not yet paid for the Prurisol CRO expense demonstrates that Leo is confident that a Brilacidin deal can be finalized shortly. I still believe that IPIX will have 2 separate royalty deals by next summer. 10Qs are written by accountants and lawyers to protect the company and officers from frivolous lawsuits from ambulance chasers like Rosen . (No offense to either profession as I have friends in both) but with that said 10Qs are the Anti-Christ to sales and PR. I was happy to see the PR yesterday which clearly stated IPIX’s strategy and focus in the coming months. In the short term I have become numb to the share price. The attacks on IPIX IMO have pissed off many long term shareholders and have made them more determined to hang tight until IPIX share price represents the true value of the science and the markets they serve. I personally have had plenty of time to develop my IPIX exit strategy. Hint: I don’t need any of my IPIX funds for at least 5 years.
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Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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