Innovation Pharmaceuticals Inc (IPIX)

[TOB]

I highly doubt there is any substantive shorting of CTIX. This is an OTC stock below $5.

1. The cost to borrow is high.

2. The reward to risk is not favourable.

3. The availability of shares to borrow and brokers who allow shorting is small.

Shorty Pants is just an imaginary boogie man with a stock like CTIX with the above factors. Like monsters under the bed.

The vast majority of any selling are longs taking profits. So far today, and since August 1st, the buyers have been overcoming the sellers.

When CTIX up-lists and trades above $5 shorting may become part of the liquidity. A GOOD effect for a stock going up. More shares for sale, more panic buying during a short squeeze.

Right now not a factor.

I expect the CTIX buyers will continue to overcome the sellers as we head into all the upcoming catalysts for CTIX.

Some folks will have memories, and regrets, of not selling at the 2012 bubble high of 2.47 , The conditions are quite different now as I outlined in this post. There was nothing in 2012 to sustain that high, now there is a tremendous amount to both sustain this high and propel CTIX higher.


Whether sellers do their volume at 2.47, or 3.00, or 5.00 is really of little concern to me as a long. They are just providing shares for buyers. Buyers may actually hold with more tenacity if they get filled lower. I know I feel stronger when my shares are in profit.