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And I was called a Leo Basher to suggest that IPIX was going down to $1.00. And if Leo didn't support the stock at that valuation - run for the hills !
Amazing how when Leo needed the shareholders early on he deemed himself; The Most Transparent CEO in Emerging Bio-tech, and Shareholder Friendly.
Some even started to call him 'Uncle Leo'. - HA !
Now when Leo doesn't need the shareholders anymore, and they are just a 'pain' to him, shareholders get the 'Mushroom Treatment' and discover the true core personality (just as I expected).
Well perhaps, but the Bright Side is I'm lot loosing a ton of money on this sled by supporting Leo & Crew to - Live Large.
Got out @ 3 clams. All of Leo's sleds have one good pump, then the ship goes down.
IPIX is following the same pattern of his last two.
Forget the Maryland Office. Bocca Rattan 'Spector' will soon be operating from his Yacht, eating Fugu, and telling the crew: Let them eat cake.
I concur. P2b failed. That's why Leo didn't give us the Interim report (another promise he broke).
Don't expect him to announce 'failure'. Data will be spun and 'Cherry Picked', if disclosed at all.
See what happens if you try to sell 50K shares.
Only thing 'locked' are investors with their quickly diminishing value of Lifestyle Shares in this nightmare of IPIX.
Then think about 'Uncle Leo', with his $450,000 per year + expenses salary + $200,000 Interest Only loan.
That's $650,000. per year he banks, while he keeps promising investors (some selected few by EMAIL !) that ... 'It's just around the corner'.
Where's the NASDAQ uplist ? The Partnership in 2017 ! ? P2b results ? 'Locked' some will say.
Only thing 'locked' is trying to escape this Roach Motel with the change ones got left.
Leo doesn't give (PR) 'Bad News'.
Bad News is Omitted, Deflected, Spun (Cherry Picking), and just plain Memory Holed, like P2b results (just one of numerous examples).
Was not IPIX supposed (per Leo) have The Partnership last year ? What happened ?
This Lifestyle Sled is now worth .725 CENTS pre-split !
'They' cleaned the mummies out.
What a hosing !!
If Big Pharma should want to buy this sled, they can just wait a little and snag it for pennies in BK.
Every BP know where IPIX is headed, if they even care.
According to Leo, 2017 was to be The Year of Partnership.
I would be very concerned of losing everything, if I had a 'boatload' of these "Lifestyle' shares at this point.
This crew is well known. All one had to do is do a Background Check. Just part of DD, when you put your hard earned funds in a Penny Stock.
They have stripped the stockholders in every company of they created. They all failed. Not one product was ever released to market.
-Look here, IPIX is out of funds to proceed further.
However, I expect one last PR pump in September before final collapse.
From $4.95 to .37 cents and Trending Downward. I been warning since $3.00 downward.
All tests have passed. Everything is ready to KA-BOOM ! Leo will come out with results and partnerships (see 'hints'). It's just around the corner !
Der Wunderkid from Brooklyn deserves a salary raise, when he emerges out of the bunker, with the successful launch of The Wunderwaffe.
Expect The Mother of All Short Squeezes.
In the mean time, he's got a bridge to sell the believers from his home town.
A Snake Oil salesman of the type in Josey Wales movie (but living a lot larger).
MAX, I'm confident in the near future there will be a Class-Action against IPIX. Just wait until then, don't go it alone now. You sound like you qualify to be the Lead Plaintiff.
Leo has cleaned out the shareholders in his previous Lifestyle sleds. it's all there to see.
Why is that ? Leo not collecting his $650,000 per year ? He can't charge 'expenses' to IPIX anymore ?
Or, perhaps you mean IPIX shareholders are in 'trouble' ?
I concur with 'September to Remember'. However, it will be a LOT wider scope than this 'Lifestyle' Penny Hope Sled
I recall how people said; IF the SP would ever get down to $1.00 they would Load the Boat.
Seems like many are now conditioned to these formerly 'Laugh Level' valuations.
Being 'trapped' so deep underwater in The Leo Head-Lock, only leaves hope, out of despair.
Sentence of The Day:
Make sure to pay 20 years in Advance, before all the cheap offerings are gone, since your getting such a great deal.
Reminds me of the movie: 'Dirty Rotten Scoundrels'.
Yep. Leo's history shows he's broke all his shareholders in previous companies. On IPIX, he has in many cases, another 10-20% to go, and Leo will have a Perfect Record !
History has shown that whatever Leo said, it's worthless.
I guess you must still 'Trust Leo', In light of the historic acts of obfuscating, omissions and 'memory holing' .
Yet some people consider retreating as Advancing toward the Rear.
Don't worry about Leo. He will swim away and will be back again with some other Beatle Juice, with tens of millions of shares for himself with a Fat Cat salary.
All he has to do is say: 'We Tried, But those Shorts, MM's, Message Bullies, and Mako type attacks, did us in, right before we were ready to turn the corner'.
'Boom ! Back in 'business'.
Well, I guess I would be 'chatty' too at $4.00 (even $1 buck), if I gave myself 28 million free shares, on top of a self-mandated salary of $450,000 per year + expenses.
But what about the stockholders, many of which are down 80 -90% of their 'investment' ?
If all of Dr. Menon's formulations were flying through in stellar form in testing, why did Leo cut Menon's salary in half ?
Dr. Menon never (yet) brought a successful formulation to a drug, unless you believe that Eli-Lilly story, where it looked to me Dr. Frei was the lead Doc. And if you believe that Dr. Menon cured The Bull, with the early Kevetrin formulation.
The only Shot IPIX has (a long one IMHO), is Brilicidin, who's real preliminary work was, as you know, done by Polymedix. Not that it matters.
I was called many names, when I stated IPIX (then CTIX) was going down to $1.00 PS.
And I stated if Leo didn't 'support' the stock there, it was going to Davy Jones Locker.
It should be clear that The Market agrees, as the stock is at .42 cents and Trending Lower.
I know things can change, however, when Chatty Leo 'Goes Turtle', it's not a good sign.
IPIX needs a BP partner desperately. Unfortunately IPIX is running out of time, and cash, and can't proceed further on their own.
I'll stick with my analysis and Trend Predictions, as they have served me well. However, I wish you all the best of luck.
JTORENCE, It can happen to anyone. Martha Stewart comes to mind.
I never seen a penny stock where if they had Significant 'Good News', that buying would not be evident prior to actual PR news. Maybe your experience is different.
BTW, I seen that on NASDAQ stock also. But that's just me, I guess.
The stranger thing would be that IPIX is working on a 'Deal', yet nobody close (not management) is buying shares.
So I guess there are no 'Good News Leaks' at IPIX.
Say management was working on a partnership deal, do you think they wouldn't tell friends or family ?
One would see a sudden upsurge in buying on no news (in the open). Instead we see daily selling instead. To me, that says management knows they have zip and nothing positive to say to family and 'Vest Pocket Buds'. Instead, leo keeps up the just around the corner mantra, while the shareholders continue to get the 'Mushroom Treatment'.
Leo will take all the change the stockholders got left on the table.
BTW, he doesn't need them anymore anyway.
Last 11 trades all sells.
Downfall is accelerating.
No more Aspire loans.
No more PIPE's (Leo burned those last 3 Amigos up straight).
Few retail buyers left, as most are 'All In', many in deep red. (Leo burned them too).
Yield Cure inverting. Bad Signs for Economy.
How is IPIX going to pay millions in Insider salaries and expenses ?
Leo need to lend the company another couple of million, like he did the last two. However, not at 10% Interest Only, but at higher interest, as interest has gone up !
Then mandate a salary raise for himself for a 'job well done'.
Waiting the KA-BOOM ? It's right before your eyes. Look at your screen.
As expected, yesterdays Paint Job is gone, + more RED. Down 8%, and into the 47's.
(If it was a real buyer, then they lost 8% the next day, in the Leo Meat-Grinder.)
I agree, IPIX is going into the 30's. As most bag-holders are 'All IN' at this point, and Averaged Out.
That's all they got, Painting the Close.
Anyway, it will be scrubbed away at the opening tomorrow morning.
Rah-Rah for Leo ! The Master of Disaster for Shareholders. Living large on his $650,000 + expenses Per Year, Penny Sled, IPIX. While shareholders are on vapors waiting 'The Miracle'.
If so, Der Leo Wins again, shareholders get The Shaft (as usual per Leo's history).
Noretreat, Agree 100% ! Great Post by LR.
However, Der Leo would seem to rather have the 10% interest of $200K cash added to his $450K salary +expenses, then another 4M in diminishing IPIX stock value added to his mountain of 28M IPIX free shares.
Funny to read how some think $650,000 per year + expenses, is not 'living large'. Particularly on a no income, sub dollar, Penny Stock.
Why would Leo buy shares when he gets all he wants for Free ?
Leo's never bought shares to help support the SP. However, he'll lend IPIX funds so he can collect 10% Interest Only.
In the process, the stockholders get burned with dilution through Aspire. But who cares about them retailers ? Not Leo & Crew. They got a ton of the of IPIX Lotto tickets for FREE and a Fat cash salary to support The Lifestyle, thanks to the shareholders.
Watch what they do, not what they say.
I'm glad I acted on my own research, and lot listened to 'Leo's Test Success Stories' that the market has ignored. Otherwise I would be in your boat, with a ton of bloody shares, with continued bleeding almost every session.
Three years+ ago I predicted the SP would be at $1.00, and that Leo better support it there, or it would go lower. I was ridiculed for that, with many stating they would 'Load the Boat' should that unlikely event ever happen.
Leo has failed his shareholders. Used them up, diluted them, and now they are trapped. Only hanging on by a Spring, a wire, and a prayer.
While Leo's 'Gone Turtle' but living large on his $450K + expenses, and 10% Interest Only loan to IPIX.
When you pass July, it will be August. Then September is .... just around the corner. - HA !
IPIX is a sad and cruel joke.
Leo knows how to drain the dough out of Ma & Pa with his huge salary and 'expenses'.
His gross management errors, clearly demonstrated in IPIX, shows he's a CPA working a Brooklyn style shtick on the frogs. Note: the 'next Regeneron' come-on, and as always - it's just around the corner.
Great Post BTW -