So we did over 2 million volume today and of that 81.5% was reported to FINRA by the MM's as short sales. Now some are claiming that volume was Leo selling shares to raise capital but we all know Leo has the most to lose here of anyone and his background would prevent him from selling shares unless he was desperate knowing a deal was close at hand that would generate a tidy sum. Most businessmen would ride their payabels rather than dilute knowing cash would not be a problem in "short" order. Now I have been taught that shorts never ever cover until forced so IMHO today's volume was investors buying in who have been watching IPIX for some time and know they are getting a bargain. How many million dollars cash in the deal will drive the price to multiple dollars and beyond? Stay tuned hopefully we will find out soon. Go IPIX!!!
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