Innovation Pharmaceuticals Inc (IPIX)

[TheDane]

What’s happening is this: there’s a group with their hooks in IPIX bent on seeing its destruction. The most likely reason for that is they’ve naked shorted so many shares starting from about $4.50 they can’t allow the stock to move up without their being ruined. This was so obvious this morning after the news yesterday...the stock was being relentlessly dumped (shorted) into any buying, overwhelming any rise. That kills momentum and ordinary people expecting the stock to rise lose confidence and sell or don’t buy. It’s been going on for over four years but it seems now they are getting more desperate because it appears IPIX is about to get partnered with a global pharma. There were likley some soiled drawers after the news yesterday.