Innovation Pharmaceuticals Inc (IPIX)

[TheMonolith]

I wish it wouldn't go down. I'd prefer clarity, but the waters are a little muddy. I think there is a decent risk that CTIX is rejected by NASDAQ, and that moving to P3 has further delays. There's reason to think that as the way the events have unfolded. The lack of institutional support or any third party verification at this stage is puzzling, and possibly troubling.

I don't know what will happen, and I hope that my previous post was clear in that intent. I think there is a risk of a bit of a breakdown here into the 2's, but CTIX has a remarkable ability to show it's just a little panic by small holders that will regret the very short term panic.

I predicted just after the CC in December that we would see a repeat of the long term consolidation around $1.70, but at a higher level and for a shorter time of around 6 months. Didn't know what the new $1.70 would be. I hope that prediction was true, and not something worse.

I would have preferred more clarity on the questions in my first paragraph, and to have held 3.40 or better, but here we are.

Leo has the people who have a basis under $2 holding tight. That's nice, but it people might be discounting that all their profit can disappear in an instance. In general, if your basis is higher and you haven't been here for over 2 years, I think Leo has created some uneasiness.

It is what it is. I watch with great anticipation. Will I reload lower? Maybe. Will I be able to hold whatever and wherever I buy more? Maybe. Ideally at a minimum, I would have much preferred holding 3.40 and keeping my full position. I do have a position, and would prefer to have a larger one that I didn't have to constantly de-risk. I'd feel better loading a break on the upside than a dip to the downside.

See you all next week.