Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"we know that no new shares entered the market since June 29th."
Not exactly.

From the 10-K filed on 9/11:
"There were 163,103,927 and -0- shares, respectively, of the registrant’s $0.0001 par value Class A and Class B common stock outstanding as of August 27, 2018."

"Common Stock - Class A, $.0001 par value, 300,000,000 shares authorized, 163,103,927 shares and 135,536,501 shares issued as of June 30, 2018 and 2017, respectively,"

So we know that no new shares were issued (versus entered the market...an important distinction) between 6/30 and 8/27.
My 2 quibbles with your statement are:
Shares held by certain entities (Aruda and Aspire, for example) have never entered the market and they could have since June 29th.
We don't know if any shares were issued after 9/11.

Those things might affect your conclusions but I'll leave that for you to decide.