Too much gloom with regard to the pull back this w
Post# of 72440
(Total Views: 333)
Posted On: 05/12/2019 8:55:26 PM
Too much gloom with regard to the pull back this week. We shot up to $0.42 for one of two reasons:
1. Someone got wind of the bridge financing and either piled in or was covering their short position. This was a very minor bridge financing deal.
2. Someone didn't get wind of the bridge financing and either a large buyer wanted in or a large short seller got spooked for no real reason at all.
Either way, this stock moved fast on essentially nothing. Just think what happens if we sign even a small partnership for B-OM EU rights. Even a small pipeline deal would be considerably better than the bridge financing deal. The stock could easily fly up to $1 or more on a real deal and hold those levels.
Shorts gonna get burned soon.
$IPIX Deal coming...
1. Someone got wind of the bridge financing and either piled in or was covering their short position. This was a very minor bridge financing deal.
2. Someone didn't get wind of the bridge financing and either a large buyer wanted in or a large short seller got spooked for no real reason at all.
Either way, this stock moved fast on essentially nothing. Just think what happens if we sign even a small partnership for B-OM EU rights. Even a small pipeline deal would be considerably better than the bridge financing deal. The stock could easily fly up to $1 or more on a real deal and hold those levels.
Shorts gonna get burned soon.
$IPIX Deal coming...
(3)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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