Innovation Pharmaceuticals Inc (IPIX)

[cybermich]

loanranger..

so you are saying that CTIX's success would have hinged on being accepted into the RUSSELL 2000.. and that alone would have saved CTIX from being shorted to heck and back?

Maybe "myopic" is too strong of a word.. but uplisting in the midst of a short attack (and then with hindsight seeing what a frivolous lawsuit and a couple hit pieces can do).. being on a higher exchange does not insulate a company from being manipulated..

some "forced buying" from the RUSSELL 2000 is not a magic bullet.

I could give you a couple very specific examples of companies who have extensive institutional ownership.. AND in the indexes.. AND both uplisted in the past couple years.. AND both have been
brought down hard by the shorts..

of course each company brings its own fundamentals and story to the table.. but one thing seems to be
constant.. it takes some special "material" news.. usually in the form of a good partnership (with money in the bank) to hold any type of significant gains.. and EVEN THAT often times does not keep the shorts in check.

p.s. again in hindsight.. CTIX probably would have been attacked whether or not they had uplisted.. and I applaud the CEO for at least admitting his mistake (telegraphing his intentions).. but imo there should be no confusion about who is perpetuating the harm.