Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

eventhelosers, Here's a nice write-up on stocks under 5....

Many investment funds aren't allowed to invest in companies whose shares trade below $5, the reason being these companies are now considered "penny stocks" and too risky. What this literally means in many cases is that a company on Monday trading at $4.75 a share is deemed too risky for inclusion in a fund, but if it trades on Wednesday for $5.05, it can now be bought. Even worse, many funds have automatic sell triggers when such securities fall below a certain price

http://realmoney.thestreet.com/articles/02/12/2015/intrigue-stocks-under-5