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Tell that to Der Leo. Perhaps he can get The 3 PIPE Amigos he hosed at .90 cents to buy more at .25, just so they can 'Average Down'.
(trying hard not to laugh, as it's truly sad)
Noretreat, Probably a possibility, as Der Leo is bound to come up with another jive PR.
However, your going to have to be fast into flip the spike before the rest of the crowd sees it's their last chance to unload the sled, as they run to the exits with Aspire unloading at the same time.
Recipe for a massacre.
Probably the reason Der Leo cut Dr. Menon's salary in half because none of his formulations worked ( not surprising).
Big Pharma knows IPIX is out of funds and ready to collapse. They will pick it up in BK for pocket change.
Why should they rescue this sled, when they can get Brilicidin for meter money, just around the corner ?
This sled still alive ?
Selling overpowering weak buying. SP in the .30's (wonder who predicted that).
So much for that .40 Floor. Time for a new 'floor'.
Take what change you can still have on the table, or leave it to the Der Leo & Insiders who will soak it up in their huge salaries and 'expenses'.
Excellent post, as usual by LR. Der Leo is grasping at straws. The writing is on the wall.
Leo Being Leo, expect no authentic, detailed explanation for the .25 fire-sale will be forthcoming.Otherwise it would have been issued long ago.
Shareholders will continue to bleed, until they bleed out.
Because Leo's a failed CEO, but a Legend in His Own Mind.
Der Leo instead burned the shareholders and the PIPE investors, with the .25 cent 50% OFF Fire Sale.
In response to:
That's from the same 'source' (Der Leo) who said the company was ready to uplist to NASDAQ. Then blamed the failure on a negative article.
It's 'broke' alright. IPIX is BROKE, but the CEO still collects his $9,000 + expenses, weekly. Feel betrayed ? Not yet ?
in response to:
And still no explanation from Der Leo on the .25 cent sale of $8M shares.
Quite troubling, as shareholders have a right to know, and it was a 'Material Fact' outside of the established Aspire contract.
'A Seasoned Investor' (there are a few around), would do a serious background DD before investing in any penny company like IPIX.
What would they find ?
That Leo and Dr. Menon were in high positions (as mentioned previously) in NNVSled. That company is just around the corner of BK.
Leo was Co-partner, with the CEO of NNVsled, in a previous company named State-Sure. BK'd a long time ago.
Now in 2007, a few of the members of the gang broke away and formed IPIX (formerly CTIX).
There was always the 'Indian Connection' of Reddy Labs (as mentioned previously).
In each case the management never produced a 'Drug' that came to market. However, Leo n Crew lived on high salaries, while the stockholders lost most or all their investments.
Key details were always never explained to shareholders.
For example: What happened to the $7M shares Leo held in NNVsled ? Anyone know ?
Each time this crew left the wreaked companies they created better than they came in, only to start another one (IPIX) and continue the 'Wash n Repeat' cycle, with new investors.
From what I experienced, and historic results have shown, IPIX is a 'Lifestyle Company' where they control everything, like the BoD. The results will be the same as the last two mentioned - BK, after they milk everything the cow will give.
In closing: Thoughts of BP Partnering with this bunch is a forlorn dream, as BP's DD is like no others.
-Bunny
in response to:
Newbie investors: Be leery of Bullish Sentiment on this stock. Many calls of 'Bottoms' and or 'it's just around the corner', have been proven dead wrong - for years !
The charts show that the stock has collapsed from $4.95 to the current .42 cents (and still Trending Downward) !
The company has run out of funds. Recently sold 8M shares at .25 cents, perhaps it's 'last Draw'.
The CEO has gone quiet, and has not responded to critical questions from shareholders, leaving many investors with DEEP losses with no explanation.
Management of IPIX is just plain horrible, and has left investors (those that still hold) hanging on by a spring, a wire, and a prayer.
Ah BS ! Prurisol is NOT a drug. IPIX has stated they don't even have the P2b results to see if those were successful - Let alone a Phase 3 !
Prurisol has a better chance of ending being bought out as 'part of a basket' of formulations in BK, then it has of becoming a 'drug' with IPIX and Der Leo at the helm.
Company out of funds, No insider buying- stock heading into the .30's - yea....but Prurisol is 'worth' $10 Billion ?!
If, so, then what's the sand-bagged Kevetrin 'worth' - $100 Billion ? Why not notch K up to ....... $1 Trillion ! !
I've seen this before on Penny Sleds: when finally Key Suppressed details emerge, and the reality hits, a Former Bull "take the arrows in the chest ' type for the CEO, ends up being the the Lead Plaintiff in the Class Action.
Looks to me that none of Dr. Menon's formulations worked, so Der Leo cut Menon's salary in HALF.
The only shot (a long One) is Brilicidin, which IPIX can't complete without The Partnership.
Everyones waiting with forlorn hope about 'The Word' about the 'Wonder Weapon' from The Wizard from Brooklyn, as time is not on the side of IPIX, as the stock now exhibiting trading like a sub-penny.
IPIX is certainly a hotel California situation, check in but can never leave.
When you have no more buyers, the music stops.
I'm sure it's worth that in LaLa Land. But in BK it's worth 'Meter Money'. That's the road IPIX is on.
They both have advance degrees from the Institute of 'Lifestyle Companies for Insiders'.
And both have a proven record of success, for only themselves.
Not ONE win for the investors, who in the end only get tears.
Leo can't anymore get retail buyers to buy shares. IPIX is desperate for cash, so they sell millions of shares for .25, hence burning shareholders, PIPE investors, and most important, trust in the CEO in the process.
No broker in their tight mind would allow a client buy into this sled, after a DD into it.
IPIX was seriously mismanaged. A real BoD would have shown Leo the door a long time ago. However, as always, they protected Leo instead of the shareholders. Reality is sometimes hard to face.
People generally demonstrate repeat patterns of behavior.
CEO Der Leo has demonstrated that he pumps possible 'good news' and is Chatty with stockholders in this period.
However, on negative news, he has historically demonstrated, obfuscation, deflection and Memory Hole Treatment. With a proclivity to be distant and 180% opposite during his 'Pumping Chatty Period' where he exudes 'Most Transparent CEO in emerging Bio-Tech.
Be fearful when Der Leo is distant and when he will only occasionally answers softball questions from 'approved questioners'.
Todays 'dawn' brought a 3.46% loss on a sale of approx. 5K shares.
Wonder what would happen is someone sold 50,000 shares At Market ?
P2b traveling the same road like the NASDAQ up-list. The 'numbers' were sub-par, that's why there wasn't a 'Interim Report'.
P2b hasn't hardly been mentioned for 6 months by Der Leo. BUT there was NO 'Sneak Peak' by management. They too are still 'blinded' !
So, hand that 'blinded' stuff over to the mushroom section in the shady corner of the yard where the dog goes KA-BOOM, they believe it's -drum roll- just around the corner.
I'm sure someone will hear something about 3'rdQ, and many will be relieved, as that's 'just around the corner. AND the drug distribution deal is all set up to go !
I can't believe the 'belief'.
Leo doesn't care about the shareholders anymore. Desperate 50% Off Sale of shares outside of Established Aspire contract, with NO EXPLANATION is telling. The 'Quiet Behavior' by Leo is the cherry on the cake.
No, it's not a 'Quiet Period. The company looks like it's on it's last leg.- Shareholders trapped !
Everything is 'normal' at IPIX.
Leo still collects his huge checks, while the stockholders continue to see RED, just as they did in 2016, 2017 and up to current days and the BoD continues to be play 'Rubber Stamp Buds'.
Everything is just as it was and continues to be 'just around the corner'
No reason to ask questions, as to what effect ? Leo, has demonstrated for months that he's not willing to respond to 'questions', although he should, as there are concerns to 'actions & delays' and it's HIS responsibility to shareholders. However, Instead, the shareholders get 'The Mushroom Treatment'
from "The Most Transparent CEO in Emerging Bio-Tech.
-Watch what they do, not what they say-
That's about it, except for this part;
Post of the Day !
So what's just around the corner ?
Now that Leo burned most stockholder investment in IPIX thru Aspire, there must have be something, or is it the preverbal 'We Tried' ?
If so, I wonder why the Private Chatters are not going All-In, at this ridiculous low price ?
Especially when so many state the KA-BOOM is just around the corner.
The P2b results must be so great that even the 'Vest Pocket Buds' don't know what's just around the corner. Or the 'B' deal.
Because if they did, we would be at 1.20+ - with NO NEWS.
Trust Der Leo, he knows how to keep a secret ( taken liberally with a bottle of Vodka).
Noretreat, - BINGO ! I believe you nailed that one straight . Excellent -
Real World- observation from a veteran. No Johnny-Come-Lately. That rings true to me.
Leo needs to show P2b results by end of this month.
Not fair to keep shareholders 'blinded' for 6 months !
There is a reason why Leo didn't share the 'P' interim report. We are not ALL believing that results are still 'blinded'. This, and other actions (or lack of) shows desperation by IPIX.
-Watch what they do, Not what they say.-
Aspire has millions more shares of IPIX still to sell.
Leo should buy some (on the open market), just for the 'fun' of it.
To my understanding, IPIX needs completed Phase 3 Positive tests to demonstrate that they have 'Save and effective drugs'. Until then then, IPIX has formulations that may show promise.
Plus, IPIX is rapidly running out of funds to continue further testing on their own, hence the desperate .25 funding from Aspire for 8M shares to only get $2M in cash.
20 CDA's only show that there are companies that want to have a look at what IPIX really has proven to date, not that they will be involved in some 'Bidding War' with other BP's.
Share Price also indicates that there is no insider buying, as the chart indicates SP is trending into the .30's.
All combined, it's not looking good currently for IPIX. Leo's silence on key issues of concern, indicates (to me), that there are more problems with the company than we know.
Big Pharma knows IPIX is on it's last fumes. Why should they buy-out/or partner and pay the big ticket now for any formulation, when all they have to do is wait a bit until BK, then they can snag the whole company for Meter Money, just like Der Leo did with Polymedix.
What happened to Kevetrin ? Do you know ? Did you witness the Bull Dr. Menon said he cured with the Kevetrin formulation ? Kevetrin was supposed to CTIX/IPIX HUGE hit. What happened ? Why did it fold ?
Prurisol; Why did Leo cancel the long awaited Interim Report ? How many really know ? What happened to the P2b report ? You still think it's 'Blinded' per Leo ? You think it's possible that P2b had suffered a 'Peak under the Tent' ? Or, No, that can't happen ?
Brilicidin; Now there's a Winner that nobody wanted in BK, and Leo picked it up in a Stalking Horse Bid, and snagged it away from the Big Boys for Meter Money. That's one is so funny (to me). Oh, what happened to "B', another delay ?
What happened to 'Partnership in 2017' ? Then 1st Q ? Now 2nd Q ?
Why is The Most Transparent CEO in Emerging Bio-Tech can't even reply to fair questions asked by long holding shareholders ?
You really think it is indeed a 'Quiet Period', meaning they are pounding out a deal....for 5 months ?
The Chart: Best not to speak of it as it can all go 'Rocket-Ship' with a announcement of A Deal. Right ?
If so, why dilute the SP with a awful loan of 8M shares, to get $2M @.25, when your just around the corner of inking a Partnership Deal of sorts, which would include $M's upfront ?
---------------------
IPIX is heading back into the .30's.
Nothing but silence from CEO Spector's yacht while the fish fry.
There's the answer from The Most Transparent CEO in Emerging Bio-Tech.
Watch what they do, not what they say.
Aspire's got 8 Million shares to sell into , along with their previous pile, into 21 cents (.25 Drop Dead Contract), into extremely thinly traded daily activity (less than 100K daily). -No Brainer
Der Leo has 'fixed' the shareholders but good. They got in, but now can't get out....and can only 'dream' of a KA-BOOM.
What's scary is how you don't seem to see that I didn't say anything about Der Leo 'living rent Free'.
Besides, his 'rent' is well covered by his $450,000 CEO salary PLUS expenses..
Kindly provided by ...... take a guess.
The CEO is probably yachting around the Caribbean like Spector, eating Fugu, and strategizing his next PR he will feed the fish.
IPIX DOWN 1% on 100 Shares sold. Facts that are quite telling.
Yes, The 'No RS' is one of Der Leo's Commandants that he hammered in stone, for all to see.
However, don't be surprised once they know there is nothing left and .25 cents is the only thing that truly just around the corner', he'll do whatever he can to keep diluting, EXCEPT doing a Stock Buy-back At Market.