Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

Huh? Its not 10s of millions of short and naked short shares. It’s a few million short and only 1 million FTDs. A 1/10 reverse split would take the SP to $7 with a peak of $10. Short traders would hit that as hard as they could and drive it back under $5, which would kick in investment restrictions on institutional buyers. And that would lead to a sellingcascade to $2, and further institutional holding restrictions. I’ve seen it too many times.