Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Leo & Sullivan decided to change the CUSIP # to expose naked shorting in IPIX, which turned out to be insignificant. Here’s another company who did the same.

Chimera Energy Corp. (OTCBB: CHMR) announced today that its new Chairman and CEO, Baldemar Rios, has recommended that the Company immediately determine the most expeditious corporate action that would cause a change in the Company's CUSIP number. The Company consulted several OTC market experts who suggested that a change in the CUSIP number was the only way to combat what has been frequently acknowledged to be an unabashed, manipulative "naked shorting" campaign against CHMR.

http://www.marketwired.com/press-release/chimera-energy-corp-announces-aggressive-action-targeted-at-naked-short-sellers-otcbb-chmr-1712244.htm

You claim naked shorts don’t need to cover after CUSIP # change and I like to see your source.