Thursday, May 12, 2016 1:59:24 PM
Since IPCI's cash position is known, it would be to the advantage of a potential partner to stretch out negotiations with the hope IPCI will be forced to accept a lesser deal as cash is burned to remain in normal operation.
It is also possible that the potential partner may be also shorting IPCI stock to put additional pressure on the company to take a lesser deal.
It seems to me that the anticipated filing AND partner announcement will be the catalyst that breaks the downward price trend, which will cause buying pressure that will, in turn, pressure the short positions to begin to cover.
So it remains to see just how low the share price can be forced, before a positive upturn in share price will begin. I currently have no position, but will look to purchase shares within the next two months.
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