Innovation Pharmaceuticals Inc (IPIX)

[Drano]

Short interest is a snapshot of the number of shares shorted on one day. That doesn't tell you anything about what the short interest was on another given day. If it's 40 degrees on April 30, does that mean it was 40 degrees on April 1? The short interest number from a month ago may not accurately reflect the situation as of last week.

The overstock.com lawsuit talks about a time when the short interest was 107% of the entire float. Can that happen without naked shorting?

A company, frustrated with what it believed to be large naked shorting from the Berlin exchange, changed its symbol and thus CUSIP number. What a surprise -- the stock price rose dramatically as naked short positions had to be covered.

Who are you going to believe -- articles telling you that you're wrong, or your lyin' eyes?

First people attack the CEO for not defending the stock, then when he writes shareholders to give his opinion of what's happening, he's attacked for defending the stock. I think he knows more about what's going on that any of us do.

And please remember what someone else pointed out -- this was not a press release, it was a letter to shareholders. There's a difference. I for one appreciate getting his opinion.