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Wasting your time folks with Reddit. There's a big difference from listed short totals and naked shorts... GME is a different story considering only 2 million shorted-shares (IPIX) would not be warranted a look... Those guys go after large short positions... Naked shorting "if occurring" happens with the bid/ask spread as trades occur. What's killing this investment is dilution pure and simple!!!
Still no trial posted on clinicaltrials.gov.... Wake us up in March Leo!!!
https://clinicaltrials.gov/ct2/results?term=%22innovation+pharmaceuticals%22&Search=Apply&recrs=b&recrs=a&recrs=f&recrs=d&recrs=g&recrs=h&recrs=e&recrs=i&recrs=m&age_v=&gndr=&type=&rslt=
Sorrento 34 million from Uncle Sam. IPIX not even a dozen eggs. https://apple.news/AGMXNiFA1TmyYT3ba-PDh9g
The market for therapeutics keeps shrinking each day millions are vaccinated. By time B would be approved any revenue potential would be lower than phase 3 costs. Why no partner has jumped onboard. Leo is wasting time on CV19 instead of using the funds for UP and OM. The only chance is Uncle San assistance but why hasn’t that happened by now?
No doubt trial failure will end IPIX. The stock price will go sub penny and that will be all she wrote. Someone will eventually pick up the compounds on the cheap like Polymedix. Leo has shown zero ability to expand the company past project CV19. OM, Absssi, UP and K all grounded no capital.
CNN? Haven’t turned on that scam station in years. Used to be the number one news channel 20 years ago..,
Back to the teens next week with no trial start. Not many believe the crook CEO.
CV19 stocks on a tear today except IPIX... No surprise, Leo's 3 months late to make a difference and still no trial date... If a phase 3 is needed won't make much difference 6 months from now.
At that ratio? Can you name hundreds of public trading companies diluting shares below 20 cents? Good luck and doubt there are many... The only reason Leo received another toxic deal was CV19 hope... He was left for dry after the 10 million MFO deal a few years back...
It’s still a death spiral. The only change is CV19 gave Leo another year to bankrupt the equity. What cash reward has Leo gained since the CV19 project? Zero!!! Not one dollar earned only toxic financing which continues at 13 pennies.
Only 2 million IPIX shares shorted. Less than one percent of float. Those who continue to blame shorts over dilution are fooling themselves by defecting blame from the CEO. No company survives adding 7 shares of outstanding to raise one buck. Suicide finance by IPIX. Never has worked and never will. One bad move or results and it’s lights out in a hurry. Still a lottery ticket a week or so from trial start.
Is it lobbying or an inept CEO? I blame Leo and the RBL for not promoting B to the next level for awareness... Besides the Govt route nobody in the private sector appeared to be interested? Did Leo try to find a partner? Don't recall a PR mentioning discussions or looking...
wsbc, You should have asked Leo for an Aspire/MFO special... The ones buying face value are getting eaten up by shares handed out at 13 pennies... The last deal ( 3 million at around 14 pennies) will translate into another 25 million to the outstanding total... Thanks Leo!!! Another 2 million round soon and Aspire's 25 million lurking... Heading towards 700 mil shares outstanding to support phase 3...
I've been in for not as long as you (5yrs), to the tune of hundreds of thousands of $'s. (closer to $1M now :/ )
Once Leo misses another timeline this is heading straight south... back to .18 we go...
So much for the new administration rally... Stock is on another run to the teens... Gotta love Leo's financing strategy...
Happening soon is already priced in... Leo has stated several times a trial will start no big deal... Will IPIX/B get noticed and will a successful trial lead to Uncle Sam assistance? A partner would have occurred by now those days are gone... The flip side are trial results not worth a phase 3... Plunge to 5 pennies per/share... This stock would be a buck or more "my opinion" had Leo found a partner or Govt assistance in the millions...
The growing concern is financing past phase 2... The theory is a higher price with Aspire's 25 million will pay the costs... Well, we've seen dilution "much smaller scale" drop this from the .60's back to the .15's... a rebound since to .23 is a disgrace and shows minimal indication of B succeeding.
Here comes the plunge... 599K warming up to dump mode...
There's no such thing as a fake ask... It's official until filled or cancelled... A bid is below an ask so there's no logic in misleading to accumulate shares. You submit a bid where you believe you can buy shares...
599K at .245 is gone but not forgotten...
What benefit would there be for someone to issue an ask order for 599K shares? For such a small liquidated stock it would only scare investors knowing only a few would have that such position. If news was coming out soon wouldn't it make sense to wait and get a higher price and sell off gradually not to scare?
599K ask at .245... News imminent?
Yes, revenue decline is all of the above... More vaccine approvals, more therapeutics and so on... Leo still has no plan on how to pay for phase 3... Where is the grant money he reapplied for?
200K ask at .245... Well, that just stamped a decline for today... Thanks Mr E for the dilution...
P is worth 30 billion, K is worth 20 billion and on and on.... LOL Right now B is worth 24 cents per/share... Market Cap is bloated from out-share gains which show no signs of letting up... 2 million dollars of IPIX soon hitting the market and Aspire after that...
Lets hope Aspire/MFO have free trading? What a job selling shares of IPIX all-day-long... The old-days would be less trading when commissions were over 35 bucks... Those days are gone...
Leo's line of credit has a bid/ask spread of 9 percent... Gotta love the confidence one should have in this investment as the out shares pile up...
Dilution continues to kill this investment with no end in site... Only relief would be major stock move north of a buck...
This Q? Big difference between this week and the entire Q... Leo made the Jan reference a week ago... It does matter because each week a trial does not start is lost revenue...
Last week of Jan, place your bets will Leo deliver his new timeline? Past history suggests no but we shall see...
Agree, there’s many therapeutics all hoping for the big prize. Outside of the RBL paying for some of the lab work Leo’s down to crippling finance to keep going.
Late day buyer kicking in .25...
The Right to Try Act could be used if those aware of B inquire...
The key being those aware....
https://en.wikipedia.org/wiki/Right-to-try_law
Right-to-try laws are U.S. state laws and a federal law that were created with the intent of allowing terminally ill patients access to experimental therapies (drugs, biologics, devices) that have completed Phase I testing but have not been approved by the Food and Drug Administration (FDA). Prior to the passage of right to try laws, patients needed FDA approval to use experimental drugs. As of 2015, 41 U.S. states had passed right to try laws. The value of these laws was questioned on multiple grounds, including the fact that pharmaceutical manufacturers would have no obligation to provide the therapies being sought.[1] A federal right to try law was passed in May 2018. Since the signing of the bill thousands of patients have been able to use the experimental therapies. According to Scott Gottlieb, who served as commissioner of the FDA under President Donald Trump, the FDA had already approved 99% of patient requests for access to experimental drugs, either immediately over the phone or within a few days, prior to the passage of right to try legislation.[2]
All the connections are nice but why did Leo do a crippling finance deal for possibly 5 million? Obvious any partner would have signed on long ago so it's Uncle Sam or dilute a billion shares... Aspire! where are you?
Dilution dumpers are back for the afternoon round... Cmon Leo, where's the grant money or partner at? Going solo will not work...
Please Leo, no more email alerts... The stock usually sells off on the theory that there's no real news for a few weeks... Or why even bother with more gossip or fluff... Everyone knows there's a need for Therapeutics...
I'll take the over for a trial starting past Jan 31st... Why Leo mentioned another timeline with not 100 percent assurance is part of the course...
Falcon, one could conclude with all the hype why was there no replacement for Dr B, no large grant, no partner, the RBL testing 6 months (were they using part-timers), and last a pathetic stock increase to 23 pennies a week before a trial....Throw in the Gold Standard comment and this is looking more and more like Prurisol…. The build up back then was comparisons to Otezla…. LOL
Cmon Folks, Leo could have the greatest science on the planet but with no funding it doesn't matter... Leo has held B/K captive the past 3 years trying to raise capital from a security less than 30 cents... Something doesn't compute when many press releases provide a different view from the Q report which shows a dire financial situation. Until Leo finds a partner or Uncle Sam assistance this equity goes nowhere regardless of science.
Why wasn't Aspire used they signed the deal in August? It is criminal for the stock price (shareholders) to keep raising funds at a bankrupt ratio. It's never worked and never will... Who is Leo fooling? His reluctance to solve the stock price by company sale or a reverse split (uplisting) will be his downfall... Only CV19 gave IPIX new life and look where this trades?