Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

Your point is a good one. I'm afraid that your examples.....not so much.

Publix is employee owned and basically doesn't trade publicly.

Adidas is a company based in Germany. I don't pretend to understand how its investment vehicles trade. I know that Nasdaq.com reports extremely low institutional ownership for their two symbols appearing on OTCMarkets.com, but I don't think that their OTC listing explains why.
From the Adidas website:
"The adidas AG share is listed on the "Deutsche Börse" stock exchange in Frankfurt. The stock is part of the DAX-30 index, which includes only the largest German companies listed."
"In our latest ownership analysis conducted in February 2014, we identified around 94% of our shares outstanding. Shareholdings in the North American market account for 32% of our total shares outstanding. Identified German institutional investors hold 10% of shares outstanding. The shareholdings in the rest of Europe excluding Germany amount to 37%, while 5% of institutional shareholders were identified in other regions of the world. adidas Group Management, which comprises current members of the Executive and Supervisory Boards, holds less than 2% in total. Undisclosed holdings, which also include private investors, account for the remaining 14%."
http://www.adidas-group.com/en/investors/share/shareholder-structure/
The table on the above page doesn't make it clear what Institutional holdings are, but it clearly isn't zero. Several BlackRock funds hold the shares.