Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

"I think the selling must be mostly air shares."

I'm afraid not.

The short interest on CTIX is not enormous, and the FTDs are zero:

"Short Selling Data

Short Interest 849,619 (-1.16%)
Mar 31, 2017
Significant Failures to Deliver No"

http://www.otcmarkets.com/stock/CTIX/profile


Quite simply put there are no such things as "air shares" on the OTC market.

Whenever I've seen that claim made about an OTC stock, it invariably turns out to be a story initiated and promulgated people who have a vested interest in trying to offload shares onto unsuspecting folk who actually fall for that kind of nonsense before the pps plummets even further.

Usually (but not always) it turns out that the stock in question is actually a scam run by crooks.

Let's hope that isn't the case here, but the more nonsense published on the Internet about short sales that actually aren't (clue: that data is not meaningful when given daily) or "air shares", short-selling conspiracies etc. the more likely it becomes.