Innovation Pharmaceuticals Inc (IPIX)

[Amatuer17]

You said - "The share price has declined due to more selling than buying. "

My stock market 101 tells me that 'stock market - no of shares sold = no of shared purchased so there is no imbalance'.

So there is no more selling than buying - for every sell there is a buy.
It seems there is more willingness to sell shares at lower price than willingness to buy shares at higher price. Since the Dec high - it clearly seems the buyers do not have conviction that CTIX offers sufficient incentive to buy the shares at offered price so they are willing to wait and sellers cannot wait and are offering lower and lower prices (another stock market 101). This has led to prices going down.

If I was Aruda and I had say 10 million + shares and I knew the product potential (being the part inventor) then why I would sell the shares at lower price. I would rather wait. On the same lines buyers are not convinced that what Leo/CTIX has offered is not worth so they are ready to wait for lower price and they are getting at lower prices. (you could call them clueless but they have benefited from waiting game and got shares at lower price by 40%)

The SP will not start moving up unless -
a. Leo comes out with some PR or news that shows/convinces the buyers that the company has potential and we can make profit in short or long term by buying shares now or at higher prices - let's hope this happens in near future.
b. The so called big sellers (Aruda - Aspire?) believe that share price will go up and stop offering their shares at lower price.
c. Shorts (if they are in large volume) start thinking that SP direction is changing and they have to reduce selling shorts.

B-P3 and K OD news were great (for ihubers including me) but seems not for market and it seems buyers are staying away. So the change of perception by concrete news is what will/may do the trick to change the direction. Let's see how Leo can do it.

(look at ACxx - it has some 70 million+ warrants came out and there is huge number of shares offered for sell but as the buyers are convinced of the potential of the drug - they are buying the shares at higher prices and despite such a huge float coming to market the SP has gone up - daily volume has shot up to 5 million shares + for a company with less than 100 million market cap)