Innovation Pharmaceuticals Inc (IPIX)

[F1ash]

Aspire makes money either way... I believe they help start the rallies we've seen which last 5 to 7 days, then a combination of sellers take it back down

I believe that would be a violation of Regulation M.


“We have advised Aspire Capital that it is required to comply with Regulation M promulgated under the Securities Exchange Act of 1934, as amended. With certain exceptions, Regulation M precludes the selling shareholder, any affiliated purchasers, and any broker-dealer or other person who participates in the distribution from bidding for or purchasing, or attempting to induce any person to bid for or purchase any security which is the subject of the distribution until the entire distribution is complete. Regulation M also prohibits any bids or purchases made in order to stabilize the price of a security in connection with the distribution of that security. All of the foregoing may affect the marketability of the shares offered hereby this prospectus.”

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12375132-1047-145914&type=sect&TabIndex=2&companyid=717529&ppu=%252fdefault.aspx%253fcik%253d1355250