Innovation Pharmaceuticals Inc (IPIX)

[sixmilliondollarbios]

New investors need to be very concerned with the recent technical action. IPIX has been in a powerful downtrend that has not been abated by recent data readouts. Hovering a few pennies from the lows with another week of tax loss selling and continued dilution from Aspire will add to the downside pressure. I expect new lows. Should IPIX trade in the .40’s to .50’s as I expect it will then it will be in real jeopardy of not being able to raise cash. Be very careful