I don’t believe that a brokerage is “supposed
Post# of 72440
The ILLEGAL Naked Short Selling (NSS) on IPIX accumulation IMO dwarfs the legal short number but the exact number is impossible to know with certainty as the criminals are obviously not publicly documenting their crimes. My guess is that number is 300M+ shares. The general public for example thinks the Fed just “prints” extra money when much of inflated dollars are simply electronic transactions. Illegal NSS is similar to this as it is an electronic IOU as shares are not covered by legally borrowing them. My 300M+ NSS share estimate is a guess but it is based on historical “volume” on IPIX and the obvious use of this fake volume, mirrored trades and the deployment of NSS to compress IPIX SP. For details on the published “volume” check out 4kids post #66880 or my summary of these numbers on post #66884. I was as usual overly optimistic on my projected timelines but the volume numbers and milestones are still valid. The volume over the past 3 years is telling going from 88M to 124M to 382M as the SP has been compressed the last 6 years from $3.66 - $4.93/$1.28/$1.16 - $0.73/$.053 - $.07/ to $.05/ to $.17 and now only .25 as IPIX enters a human trial that if successful will bring in millions of investor demand that the criminals will not be able to financially hold back as IPIX SP increases.
There have been questions of when/if the criminals have to cover their naked position. The answer IMO is that they will not cover until they are forced to and every single share needs to be accounted for or if a time specific event triggers them to cover. Remember that the criminals Plan A is to compress the hell out of their targeted companies until they cripple them and eventually force them out of business. If Plan A works they walk away with millions in profits and never have to cover their naked position. Survivors like IPIX present a problem to them especially if they have breakout success (Pandemic gold standard treatment) or get bought out by a bigger entity. Sufficient funding that eliminates the need to issue additional shares and freezes OS count is also very bad news for the criminals as it takes away their leverage to compress. The criminal’s enemy is the law of actual supply/demand.
IPIX has key milestones that if successful will bring in a huge increase in retail investors and as the SP increases there will be a point where institutional investments will take legitimate volume to even much greater levels. IPIX’s key milestones include successful human B-CV19 trial, Funding via either government grants or BP partnership, EUA, revenue commitments as the leading CV19 therapeutic, Up Listing and at some point a very major short squeeze as the criminal hedge fund and their minions are forced to cover the gigantic hole that they have illegally dug.
The recent epic rise on GME stock was a coordination of small retail investors that discovered a heavily shorted stock and decided if they bought in mass and held tightly that they could create an imbalance of supply demand and that the hedge fund would be forced to cover and caught with their pants down. Put options (which will be available on IPIX once we are Up Listed) may have contributed as the fuse (as they have a time element to them) in this blowup but they are not the key point. The WSB investors targeted GME specifically because of the high percentage of PUBLISHED short position which shows the legal Short Sale position. The strategy was to get a large retail community to buy stock in GME and other highly legally shorted companies, hold tight and not sell and force the Hedge Fund (HF) into a short squeeze due to a supply/ demand imbalance with these small investors sitting on a high percentage of float.
What is driving GME up to the stratosphere IMO is the HF got caught with their pants down and were forced to cover their illegal naked position. Think about this situation like a ship running into an iceberg sticking 5 feet above the water (The legal Short Position). The iceberg that is not visible goes hundreds of feet below the surface (illegal NSS) and is the real reason that the ship sunk. The WSB guys probably had a good hunch that there was a naked position on GME but I doubt they dreamed it would go this high or that the iceberg was so deep. GME's 52 week low is $2.57 and closed Friday at $325. The market halted trading several times the past few days and froze trader’s accounts to try to let the HF cover their naked position IMO.
I actually think this type of percentage increase could easily happen to IPIX in the future. If milestones of strong trial results, funding via large government grants or BP partnership , Emergency Use Authorization, and Up List off the OTX we could attract enough retail volume to mimic the GME squeeze. The similarity is the large HF naked position. The difference is IPIX being a new stock darling as a worldwide CV19 savior and attracting both Retail AND institutional demand vs a GME stock which is an outdated brick and mortar gaming version of a dead Blockbuster Video model. I personally believe a pandemic killing new drug will dwarf in comparison of investment demand but time will tell.
The clock now starts next week with the initiation of B-CV19 human trials.
Tick tock.