Innovation Pharmaceuticals Inc (IPIX)

[Whoops]

F1ash, I hope your right about a reverse in price on the Rosen lawsuit being dropped but like I said I think everyone already knows that the whole Rosen/Mako fiasco is a joke now so why hasn't the price recovered? Rosen has been doing what they do for a long time they have no credibility so them dropping the charges should have only a minimal impact. And we have seen the sad attempts of Mako trying to take down other legitimate companies with little effect. Ashcroft already vetted the company when it took up CTIX's case not that I felt the company needed to be vetted anyways at least not in that fashion.

I think one has to look more at the fundamental problem of the situation. The price should have not have dropped the way it did when this whole thing started. I doubt Mako aggressively shorting or monkeying around in the pre-market drove down the price all upon itself. But what it did do was give a clear sell signal to the retail flippers and the "money managers". While I read the Mako report on the day it was published I honestly laughed out loud and didn't even think about selling a single share. But to others who perhaps laughed out loud as well it was a clear selling point. And why wouldn't it be? -I guess.

I also believe many that sold on that day have already gotten back in to the CTIX stock at these new low prices and have been able to do so without driving the price backup and are currently just flipping the price around in the 1.30-1.50 range. I don't think there is too many investors sitting on the side lines waiting for that ridiculous Rosen lawsuit to be dropped to buy back in.

Ironically, about a month ago I posted that I thought "sadly" that the next big catalyst for CTIX was the actual dropping of the lawsuit but watching the actual price and volume over the last ~30 days makes me think we obtained a new trading level and the stock is back to being flipped at this new range by our original usual suspects.

Having said that I am very excited about the companies future. I think we are about to get a whole lot of Kevetrin catalysts in the coming weeks and months. Its a mystery as to why this company has such a poor valuation at this point and time. I don't care if the mystery will ever be solved because I know it will be corrected at some point.