Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"let them figure out whether or not it can be applied."

You want people to complain. I get that. But neither the example case that you provided in your complaint nor any other Martin Act Complaint that I have seen has any similarity to the facts here except in the very broadest sense. All of the cases that I have seen have named defendants who met the language you cited here ("enjoin fraudulent practices in the marketing of stocks, bonds and other securities") and earlier...
"§352 Investigation by attorney-general
1. Whenever it shall appear to the attorney-general, either upon complaint or otherwise, that in the advertisement, investment advice, purchase or sale within this state..."
In other words, the Martin Act has been used against brokers, bankers, investment analysts...people in the business of buying and selling investment vehicles (stocks or anything else). There's no sign of it being used in the way that you propose.
But hey, it doesn't cost much to drop the NYSAG a line, does it? I'm paying the guy and I don't mind a bit. Just don't get your...or anybody else's...hopes up.

"The SEC has been either unwilling and or unable to address this systemic fraud."
What has been the extent of your efforts with them? Have they not responded at all? I would expect them to have created a file as well. Has NYS done anything other than create a file?