Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

I’m sorry, but that’s not “conspiracy BS.” It’s just how the market reacts pretty much every time. A reverse split is nearly always viewed negatively because it implies the need for more dilution after already heavy dilution. There are those who encourage such corporate actions because it can be so lucrative. So many startups reverse after the startup 50 or 100 million seed exceeds a billion shares.

IPIX is nowhere near the dilution requiring a reverse to survive, no matter what some may think about ~75% increase in shares over 10 years.