Innovation Pharmaceuticals Inc (IPIX)

[58nout]

IPIX Reality Check

PolyMedix defaulted on a $6.8 million payment due to MidCap Financial, which had obtained a pledge of virtually all of the company's assets.

Love it or hate it, that's been the beauty all along to the Aspire deal. Liquidity for sure, but debt that can pull the rug out from under IPIX has been simply avoided.

Unless Leo calls in his own loan on himself, the belief that bankruptcy is about to happen is just nonsense.

Riding this from .51 to 4.93 and back down to .38 has not been fun, but abandoning this investment now would be pure fools-play.

The down-side from here pales in comparison to the huge upside potential which I still fully expect.

Surely this is not for the faint hearted, but the deluge of negative posting here tells me I'm right. Hey, someone is buying all of those shares that Aspire sells on a daily basis.

Shorts are virtually non-existent, and yes there are manipulators accumulating boat loads of shares based on the belief that this company will succeed.

GO IPIX - stay the course