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There's no drama here besides the scripted summer playing out to an exact science. There was never a partner, grant or AS/OM news to discuss.
It's Jane/Leo vacation continuing with a lock PR remaining. Heck, results won't be seen until Oct/Nov. Possibly next year if they delay like Prurisol.
From .31 yesterday morning to a close of .255 today.... Boy, that's plenty to cheer about... Hard to get much worse except the final plunge to zero.
350K bid at .238... Phoenix buying back? The flippers who sold above .30 buying back... Never ending game...
There is potential with B/K just need a new owner. Fell for the same BS 7 years ago.... Be careful investing in Penny stocks... They are there for a reason and most never recover. Read the quarterly filings as press releases paint pretty pictures. Reading over CTIX/IPIX PR history one would believe they were a monster biotech.
Shareholders had every opportunity to sell above .30 and .50 last year... What did they really expect with how Leo treated them... No meetings, no financial updates and now nothing about plans for 2021 and beyond... The shareholder does not exist in Leo's eyes...They are a finance tool nothing more...
Worse 2 days since Mako.... Somebody leaked something bad... Unless the pretend CEO speaks soon this will be teens then single pennies in a few days.
Didn't someone post about taking criticism from friends for not selling out at .35? LOL The true longs are holding... Yes all the way to zero they'll support Leo's retirement.
The selloff heading towards .15 will surely get a chuckle from Leo... Does he even care? Every dollar he collects going forward adds to his 20 million plus he's gained....
Shouldn't a billion potential compound (B) and another thought to be (K) have more than 2 employees supporting the development? Does Leo really believe he's fooling anyone with his filings? Yes, he'll grab some penny flippers who could care less about structure but big money will never invest here... Alphasigma read the filings and offered Leo a bend over deal...Don't kid yourselves, structure/appearance is everything to draw partners/investment.
Shame, many here were duped into believing this time was different. In fact, it's worse with only 2 employees remaining and communication cutoff except B for C hype... With the Military event cancelled Leo's all out of options to prolong the pain... It's data lock/release whenever the criminal decides to report.... He stalled 6 months for Prurisol...
.30 held for almost 2 weeks and all-of-a-sudden drops to .24 in a day.... Looks like poor data or delays on the lock... Will retest .15 in a few weeks as Leo hides in Florida.
Hey Leo, you out there? Any plans the shareholders should know about? How are non B for C projects doing? Finance update? Aspire still around? OM trial progress? OM Locust Walk news? Alphasigma trial ready?
Could see the teens today no bottom support... .25/.26 taken right out with minimal fight...
Leo just fell off his float .2525 bid now... TIMBERRRR
Many anticipated a lock PR that's now in limbo... This trade is over for many and soon there will be long timers jumping off ahead of data release. Why take a chance like Prurisol. The buffer zone above .30 is gone....
What was the logical explanation for trading above .30? The last presentation was a rehash report from months ago. What has IPIX accomplished in 2021 besides trial completion? Zero... Nothing...
Bad results leaked? Something is going on... Missed payment? Jane bolting? Nothing surprising and expected to trade back to 6 pennies in due time.
.31, .30, .29, .28, .27 took a little longer than expected but on track to hit upper teens by Sept...
Leo is not CEO material and would never be hired by anyone to run a business... He's a scam artist raking in millions from Dr DeGrado's invention... P/K "the original" CTIX failed...
Those who continue to defend clown Leo never mention a third BOD vacant, shareholder meeting's dissolved and why wasn't Dr B's job filled? So B is a billion dollar drug and yet only 2 employees support the movement?
So obvious Leo's not prepping for expansion and excitement these days... It's more the same... Nothing of substance to report with ALWAYS a wait... Anticipated press releases have kept this above .20... Data lock on-deck as the summer script continues... Leo lost his stalled for time event being cancelled... Gotta love it...
Really? Ask is now below .29 good luck... Next leg down on your chart is .25...
Maybe Leo can convince Bozo the Clown to buy shares because nobody of substance will invest here... Not with a cloudy picture for advancing B/K...
Time for Leo to step aside and hire a consultant to sell off the assets... Enough of the pretend we're a company BS...
What's a true long? One who is in denial of a bad investment? Be prepared to lose it all while Leo made his millions.
Don't blame anyone for selling out now... Leo will delay results ALAP... Data release in August is now hovering into October...
To the mid .20's she goes then another retest of the teens... The lock PR wait ontinues on..... Data in Nov/Dec no surprise.... The pretend CEO milked Prurisol data for 6 months...
Nice knowing the .30's... CEO once again disappears during a critical time... How are those other projects coming along?
Long story, Their so-called trial successes B-Absssi and B-OM failed to draw partner interest... Absssi has been scraped for "not worth the money" and OM sits idle for 3 years similar path. IPIX's operation will not support a phase 3 on it's own... Stock price is too low and the CEO won't do a RS to draw interest.... Basically, IPIX is up-for-sale or will fold.
AS just did a license deal with PhaseBio... Nice for them while Leo got a rock Charlie Brown...
https://finance.yahoo.com/news/phasebio-announces-european-licensing-agreement-120000306.html
Agreement provides PhaseBio with $20 million upfront payment and eligibility to receive up to $245 million in development and commercial milestones in addition to tiered double digit royalties on sales
Collaboration reinforces global bentracimab opportunity
Establishes accessibility to bentracimab, if approved, for the largest pool of ticagrelor patients in the world
It's been the clear champion... B has been a 16 month tease and still there's no plan or direction... The military cancellation put a bulls-eye on data lock... What will Master Leo do to waste time? Anything going on with Alphasigma or Locust Walk?
Don't see the .30's holding much longer with no timeframe for results... The longer the "pretend" CEO stays silent will erode the stock price... What direction or plan do they have? Summer break continues...
Prurisol data took 6 months after it locked and we haven't seen a lock PR yet.... 199 patients versus 120 now... Either Leo stalled for time or he used a terrible CRO back then... This could drag on for months "but hey" they are still testing at the lab.... LOL
06/29/18
http://www.ipharminc.com/press-release/2018/6/29/innovation-pharmaceuticals-announces-database-lock-for-phase-2b-trial-of-oral-prurisol-for-psoriasis
12/14/18
http://www.ipharminc.com/prurisol-1
All the money keeps plowing into Moderna... Dollar volume here is pathetic...
Someone last 2 trading days peppering the asks with 30K orders...1/10 penny apart...
Correct, the only holdup would be any delays with the last few subjects and if COVID effected the process of any site visits needed for data compiling. Lock within 2 weeks, data early Sept my guess.
Nice read on database lock steps. https://www.cytel.com/blog/6-steps-to-timely-database-lock
Wouldn’t the CRO be working on data collection shortly after last patient treatment or all along from patient 1 through 120? The 60 days post follow up phone call should be a simple add in.....
Right to Try would be an available option. Bypasses the FDA with only phase 1 required for safety. Imagine if one critical patient survived using B? That would be an immediate impact. We will see after P2 results. https://www.foxnews.com/opinion/fighting-coronavirus-right-to-try-law-help-mary-vought
Right to Try an interesting option for Leo...They can file an application for FDA emergency use... Doesn't hurt if they have the RBL tests alongside P2 data and previous B trial info. The Right to Try is interesting for those that are severe...
https://www.fda.gov/patients/learn-about-expanded-access-and-other-treatment-options/right-try