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The share amount is bogus due to the price of 7 pennies... Of course the share total is inflated.... At 50 cents today's share total bought would be 7 times less.... LOL
Polymedix went to 80 bucks? CTIX hit almost 5.... Goes to show what pumping press releases will do until it's time to show results.... Leo bought B for peaunuts and will likely get a few sunflower seeds in return....
Will Afasigma even advance B now? Maybe they were waiting on results to move their phase along? Leo blamed the delay on manufacturing? Another red flag...
Just like Polymediv b wil bankrupt 2 shell operations... 10 plus years trying to get past phase 2.
First flag not hiring a repelacment for Dr B... Leo made his website and PR machine appear IPIX was legit... 2 freggen employees show a Mickey Mouse operation that has little confidence in it's pipeline... Other flags, Alfasigma sitting on their deal, OM not attacting any interest for 3 years. Same for Absssi, rotting away on the phase 2 shelf. No shareholder meeting? WTF.... A bright red flag!!!! They are toast, Leo bagged millions off the losses of others.
The bag holders had 2 weeks to unload above .30 and a few days above .40... Said all along, can always buy back even if it opened at a buck on positive data.... Protect your gains if possible....
History lesson, do not buy scam biotechs with 2 emoloyees. That was the biggest red flag of all.... Leo knew B for C had a small chance to succeed... And, there's not a damn thing else going on....
Down to zero per/share, they are finished....
IPIX is toast nobody will ever believe the criminal CEO again. He setup the shareholders to fail by wasting 2 years on CV19 when there was never a chance. Leo knew this and exactly why he had 2 employees at the end. Now the sell price is lucky to fetch 20 cents per share. His patents are running out of time. Wouldn’t be surprised if Jane left. Leo Pharma it is!!!’
Does anyone know why Leo released data at 09:34 and not before the open. He actually hurt longs who may of had a chance to exit accordingly and who knows maybe the .33 to .06 plunge may not have occurred? Wednesday’s trading activity sure smells like a leak when that large market order hit early afternoon. Leo knew results on Wednesday.....
Traded back down to pre-pandemic levels. Since Leo failed to accomplsih anything else except Cv19 fluff it was easy to predict.... Took all 5 minutes to go from .33 to .06.... SAD.... If they had Alfasigma already in a trial it would have held .15...
Aspire has a built in clause where the PPS has to stay above a certain level for Leo to tap into... Basacally they are toast right now... Maybe Alfasigma news next year rallies this above .20?
Leo wasted 2 years on B for C instead of running OM P3... Strategy shifts back to Locust Walk and Alfasigma.... Turn the clocks back 2 years... The stock did climb 2 times past .50 where he should have tapped into Aspire.... Good luck now without a reverse split....
The RBL testing is useless now.... Scrap B to C, back to OM/UP and K if they can survive single pennies...
This time last-week was trading over .50... Bet most would have sold now.... Why the smart move was to take profits and always buy back in if warranted.
Maybe Leo can get 20 million for the assets and run for the hills. He surely won't be able to raise capital no more.
This traded back to all-time lows which even I thought was not possible this quick.
Lesson learned for many today, don't fall in love with an investment. Leo was the perfect conman for the OTC scams that take place...
The lawsuits will begin later today, bankruptcy soon! What a major pump and failure by Leo the master.... So obvious by not expanding employee count that he was sitting on a dud.
Why the release a few minutes into open? Also, yesterday's dump in the afternoon needs to be investigated.... They knew yesterday and it was leaked...
All the Leo backers now can go home....
Game over IPIX, Let the lawsuits begin.
Data was anticipated the past 3 weeks with one day left before another PR for next week's anticipation... This has Prurisol and up-listing disaster mixed into one.
No chance .30’s hold today with no data. The entire rally will be washed away.
Being now 3 weeks late for data only will sell the stock off more. The peak was last Thursday. Over .50 held 4 hours where many had time to sell.
The out share total has not increased much but we will see with the next update. Aspire does not hold onto shares very long as well. 10 million raise would add close to 40 million shares outstanding.
How to botch a data release by Leo. Two anticipated timeframes down to two day’s. He didn’t have to provide any week or weeks. The lock PR was enough and then say data within a few weeks in the release.
Leo must believe results will be positive or why sit on the Aspire funding when he could have raised another 10 to 20 million ahead of results? Good luck tapping Aspire after a miss.
Yes, those who sold above .50 have no concerns right now...
The only train is Leo/Jane departing the Red Line special with millions compensated. 11 million of IPIX cash left to play biotech a few more months
Surely appears a miss is in the cards by the one-week chart. Climbs on anticipated results above ...54.... Pfizer news knocked the momentum guys out with a sad rebound to .34.... Throw in today's large dump down to .31 and lackluster volume... Not much excitement except those on edge ready to bail.
How will the headline read?
Innovation Pharma releases top-line results....
Innovation Pharma releases top-line results that exceed expectations....
Innovation Pharma releases top-line data that misses endpoints...
Leo will use option one for a miss, option 2 for a home-run and would never use 3 in a heading....
Looks like a market sell order caused the hit...
We all knew judgement day was approaching.... Above .50 was the exit price. Even if results are good can always buy back.
Leak is out? going down.......
Restless folks bailing or data is known?
Appears most are riding this out... The spike to .54 were traders manipulating the lock PR... The Pfizer news was just a jolt.... If I had to guess, B worked as planned and we'll see if that's enough to advance...
When Prurisol failed Leo removed all P info from it's website except press releases... Maybe key to good results will be B for C still listed....
I've been posting for months that Leo needed either OM or Alfasigma to come through while waiting over a year for trial then results. All Leo has to show is a hopeful trial (2022) if B for C pans out... Everything rides on data...
Yes, my read as well. Without good data everything shifts back to
before the pandemic waiting on OM/Alfasigma to produce... RBL continued testing will be pointless...