Innovation Pharmaceuticals Inc (IPIX)

[Waverunner1]

This completely ignores the roughly 5M shares that will have to be bought by the various index funds if the company uplists before the end of May. (I expect the uplist announcement to come in the next 3 weeks). Compare that 5M figure to average daily volume. Also, I don't expect many smooth turns in this stock. More likely large stair step moves on significant news events that hit pre-market. With the very real potential of being added to the Russell index in June (signaled by an uplist that probably comes this month) in combination with all the other potential catalysts coming this month, I can not imagine why anyone would risk being out of the stock for what they think might net them 20 cents or so.

I (and few others) have a logic that unless there is a strong positive news on Uplisting or partnership - SP will continue to go down further