Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

It's certainly in part due to the fake handwringing of some to instill false dread of any up listing. Those of us well-acquainted with the nuances of uplisting know that the price will skyrocket before it corrects after the uplist is complete, well after the uplist. The dreaded post-uplist correction will most likely begin above $7. Some of the rise will be due to forced covering of all short shares including those still uncovered (naked shares). Seen this too many times. The next step and shot across the bow to star covering everything short and start buying more will be the PR announcing adding to the board and the creation of an independent audit committee.

IMO, management is putting all possible new studies in place ahead of the placement of new corporate management. They have to do it now before the decision making gets cloudy and cumbersome due to audit committee oversight.