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As a shareholder and in my opinion the company should have never sent out this press release, it appears that they sent it out to hype the stock to get investors in. The news is forwarded as a possibility cure if you analyze it grammatically.
Real news usually are released after the price of the stock rises, the smart investors are in prior to the news.
Old news (April 1, 2020), just refreshing... Innovation Pharmaceuticals: Wakefield, Massachusetts biopharma firm is researching the use of its drug brilacidin — part of a category of investigational new drugs called defensin mimetics, which could have antimicrobial effects — as both a treatment and a vaccine for COVID-19, in separate efforts with a “major U.S. university” and with the HHS.
Welcome to the penny stocks? Maybe you can take the words back with this statement... Penny stocks are high risk so as fast as it goes up that is how fast one needs to sell which I am sure you will agree. One should not care about the pump and dump, the moment one sees a profit one needs to sell.
The problem with this news it only moved the stock a few cents and backed off. If the news were promising the price of the stock should have moved, not to mention, there are plenty of smart investors out there and they would have jumped on the stock, unless they are waiting until the afternoon.
I will give my opinion...
IRNC appears to be a dummy public company to pay their salary and to file their patent. Also, in my opinion they are probably licensing their patent to other companies. If so, are licensing revenue showing up in the filings?
In other words, we all own a percentage of nothing, so it would be wise to no longer invest in this company. Let them dilute the stock, but no one should buy the stock and it they reverse split, dump the stock. because you will lose everything.
Will today's news move the stock? In discussion is future expectation and future expectation usually moves the price of the stock.
A wealthy man who was also an investor once told me, if you take profits, don't worry how much more it goes up. This same man taught me to take a loss, when you cut losses you are a winner. I have learned to take losses and it does not bother me. When it comes to penny stocks I invest only what I am willing to lose this way if I lose it all I was aware that I could be losing all on high risk penny stock companies.
Then load up, what is stopping you?
So buy it.
He could not be an idiot if cashed in profits.
I gave you 3 lessons on penny stocks, if you are making a nice profits sell your initial investments and play with the profits. How many of you did it?
Let me give you three lessons and if you abide by this you will be at ease with your investments in penny stocks...
Lesson #1 - when player penny stock invest in what you are willing to lose, remember that penny stocks are high risk investments so you can lose all.
Lesson #2 - as fast as the price of a penny stock go up that is how fast one needs to sell to take profit.
Lesson #3 - with penny stock the moment you see a name profit take out your initial investments and play with the profits, this way your if the price of the stock drops, remember that the profits were not yours from the beginning.
Open .15 plus
Words of wisdom...
If you are making a good profit, sell your initial investment and play with the profits. If you can take a loss then it should not bother you if you do not sell and lose your the profits you could have cashed in if the price of the stock drops.
I invested in this company with future expectation, therefore, I will hold on to this stock aware that it is a high risk investment, so I invested what I am willing to lose. The most I will be willing to lose on penny stocks under 10 cents is $1,000.00
With the altitude of able to take a lose the trashers on this bought should not bother you, therefore do not even respond to them, that is what they want you to do and they will post in such a way for you to respond. If you know why you invested in this company it should not matter to you if the company is being trashed.
This is all future expectation, which is a plus...
Innovation Pharmaceuticals
Treatment: Brilacidin
Type: Defensin mimetic in Phase II development in oral muscositis in Head and Neck Cancer patients
Status: Innovation said February 24 that it submitted a Material Transfer Agreement with an unidentified “leading U.S.-based virology laboratory” to study Brilacidin as a potential novel treatment for SARS-CoV-2. If lab tests prove successful, Innovation said, it will expedite research and clinical development of Brilacidin “via pharmaceutical partnerships, academic collaborations and government grants.” Innovation has also submitted a preliminary summary of Brilacidin’s potential for treating coronavirus to the Biomedical Advanced Research and Development Authority (BARDA).
IPIX stock price rose on future expectation...
Brilacidin by Innovation Pharmaceuticals
Innovation Pharmaceuticals announced that it is evaluating Brilacidin, a defensin mimetic drug candidate, as a potential treatment for coronavirus. Brilacidin has shown antibacterial, anti-inflammatory and immunomodulatory properties in several clinical trials.
The company is planning to explore research collaborations and seek federal grants to develop the coronavirus drug. It is already investigating the drug for inflammatory bowel disease and oral mucositis in cancer patients.
Innovation has signed two material transfer agreements with a university in the US and 12 biocontainment labs in the US for evaluation of Brilacidin as a treatment for COVID-19. One of the biocontainment labs is scheduled to commence testing of the drug in the third week of March.
Covid-19 is A Soft Kill Depopulation/Sterilization Weapon https://banned.video/watch?id=5e8283dd3e7d00001900847e
Now, the testicles are the male gonads — the primary male reproductive organs are very important to the male reproductive system: they produce gametes, or sperm, and they secrete hormones, primarily testosterone.
Innovation Pharmaceuticals should look to see if the brilacidin drug can prevent the coronavirus from ruining man's reproductive organs.
Just throwin the above up in the air to see what you guys think.
News...
News will be release when they have news to release, so be patient. By the way, hyping brilacidin is not going to move the price of the stock and shareholders can post what they like or dislike about the company and if they post something that they do not like about the company that does not mean that they are trashing the company. Some of you guys who hype IPIX appear to be young in the way you post.
By the way, I am a shareholder and I invested in this company what I am willing to lose, penny stocks are high risk stocks meaning... there is more of a chance that you will lose your investment then profiting from it. I recommend you invest what you are willing to use this why if you do lose it wouldn't bother you.
One more thing, good news does not necessarily mean that the price of the stock will increase, what will move the price of the stock is future expectations.
Being that they used the phrase "UP TO", I thing it will be 100 to 500 per share. They will probably want to get the shares down under 10,000,000.
You haven't heard from me, because I did not post for a long time. I was posting on the stockchart and though it looked nice and many knew that they were going to RS, what we did not see that the plane could not take off because of all the shares that were storing, they knew it all along.
I haven't posted for a long while being that Stockchart removed IRNC from there chart, but as I stated in the past, do not put all your eggs in one basket otherwise you will have to watch that basket and I also said, invest with what you are willing to lose. I will lose all, but this was a high risk speculative stock, they have a good product, 100% of something does not mean anything if they do nothing with it.
In these kind of speculative stock, investing over $1,500.00 is not wise, invest in what you are willing to lose this way you would not need tissues.
They said up to 20,000 shares to 1, in my opinion, they will make shareholder a little happy and probably reduce it to to 10,000, but they already know how much.
I hope when it RS the stock goes up so you guys can make some money back.
I decided to only play quality stock and hold, I really do not have time to post as in the past.
To increased to 6 billion shares a preparation for dilution. Why the CEO has 40 million shares and the patent inventor 8 million shares? If he walks away the CEO will own 40 million shares of nothing even though they are worth nothing now.
I work with a 6 month chart and usually go 2 1/2 week over as am analyzing the last six weeks of the chart. I was correct in what I said, but was off on the price, only because I am playing it conservatively, but next time I will give the price I really this it will move to. I posted to eye October 16, just hope news comes out.
I will humbly state that I am getting good in reading charts, everything I said has been happening, but off by several days. I have been reading charts for about five years and getting better. As I previously stated, I will sell .21 cents or better.
Even though I was correct in what was going to happen, I was off with the prices. The price of the stock rose, but not to what I stated and it price dropped lower then what I stated.
Even though I invested with the risk of losing it all, I would not worry. In my opinion, the phones are not being allowed to enter the market yet and I have my reasons to believe why.
Just a reminder...
Post No. 15249 & 15304, I posted the following...
By the 23rd - 26th of September, I can see the price of the stock rise to .007 - .072
We have to wait until next week on the following....
By the 3rd of October, I can see the price of the stock drop to.0067 - .0069 - here it can be entering the cloud but the price of the stock will probably drop to .006 and stay in this price range until the 16th of October.
If a good press release is issued, it will go above the cloud by the 26th of September, let me add or before October 3rd.
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Look at the chart today (UPDATED CHART)... RS momentum is rising and RS Ratio is following...https://stockcharts.com/h-sc/ui?s=irnc" rel="nofollow" target="_blank" >insert-text-here CLICK TO VIEW" rel="nofollow" target="_blank" >https://stockcharts.com/h-sc/ui?s=irnc" rel="nofollow" target="_blank" >insert-text-here CLICK TO VIEW[tag]CLICK TO VIEW[/tag]
As stated, I will sell at .21 -.30 cents, but will take my initial investment out once I doubt.
Last week I posted the following...
By the 23rd - 26th of September, I can see the price of the stock rise to .007 - .072 (IT WAS UP YESTERDAY, BUT LET SEE IF IT WILL HIT .007 - 0.72)
We have to way until next week on the following....
By the 3rd of October, I can see the price of the stock drop to.0067 - .0069 - here it can be entering the cloud but the price of the stock will probably drop to .006 and stay in this price range until the 16th of October.
If a good press release is issued, it will go above the cloud by the 26th of September.
Let's hope that a good press release is issued before September 26th.
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Look at the chart, momentum is rising... CLICK TO VIEW
I will sell at .21 -.30 cents, but will take my initial invest out once I doubt.
I am not worrying, I invested risking what I am willing to lose, therefore, losing will not hurt me and as I stated in the past, I will sell at .21 cents or better.
The chart looks good and the RS Momentum once again went above 100 and the RS Ratio is following it VIEW THE CHART.
With the way the chart looks a good press release will increase the price of the stock.
According to the chart it appears as accumulation is starting.
You probably read the post on my analyst. I wouldn't worry about what the price of the stock dropped today, the 23rd through 26th of September will be interesting, it could go into the cloud or drop and we will be have to wait until the 3rd of October.
If no news is good news then why isn't the price of stock rising on this good news being that there is no news? No news means the stock will laggard and if it moves it is because of news expectation.
Correction (first paragraph) on my analyst on the chart...
By the 23rd - 26th of September, I can see the price of the stock rise to .007 - .072
By the 3rd of October, I can see the price of the stock drop to.0067 - .0069 - here it can be entering the cloud but the price of the stock will probably drop to .006 and stay in this price range until the 16th of October.
If a good press release is issued, it will go above the cloud by the 26th of September.
Let's hope that a good press release is issued before September 26th.
My analyst on the chart...
By the 26th of September, I can see the price of the stock rise to .007 - .072
By the 3rd of October, I can see the price of the stock drop to.0067 - .0069 - here it can be entering the cloud but the price of the stock will probably drop to .006 and stay in this price range until the 16th of October.
If a good press release is issued, it will go above the cloud by the 26th of September.
Let's hope that a good press release is issued before September 26th.
You are not going to get upfront information prior to it being made public, therefore his yes and no response means nothing. When investing you invest with expectation that the price of the stock will rise and depending on and waiting patiently for good press release to be issued.
The chart gives the appearance that next week it will hit .015 cents and in my opinion, I would recommend those who are doubling to dump have of your position and play with the profits, this they will go high, but you are dumping half your position just in case it drops.
I have been correct in my analyst and I posted yesterday that between the last week of September and the first week of October will be interesting and in my opinion, I see the price of the stock putting smiles of many.
I called it according to the chart, that after the first week of September it will be interesting. It appears that next week you will see about .015, but what will be exciting to see is the weeks between the last week of September and the first week of October. The stock appears to have a mouth.
The chart now looks better than the on provided a little while ago... [https://stockcharts.com/h-sc/ui][/url][tag]click here[/tag]
RSI is going up
ADX - +DI rose and -DI dropped
RRG - RS Momentum rose (near 100) and RS ratio appears to be ready to be taken up.
A good press release will shoot up this stock.
As I indicated about the second week of August, to wait after the first week of September.
Look at this chart, giving all indication that the price of the stock will rise CLICK ON LINK
Maybe the their products are holding the plane down, they need to unload it by licensing their products for it to be able to rise above the clouds.
Is it that or are they looking for the instruction on how to fly the plane? I will say this the chart looks attractive, so they better find the instructions otherwise they will go nowhere.
The fact is that 20 month old news is not going to budge that stock price. What I am interested in the licensing of their products and for their chip to be installed on phones.
Anyway, thanks for posting this.