Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

"Cashless Oncbimune, a company claiming to be starting two Pll trials at prestigious hospitals, "bought" a Mexican bio company with claimed products that it then closed down in less than a year, but not before a $600k debt transfer which no doubt go down with the ship. Then they hired a well known Oncologist who promised a few things right before a 750:1 rs. Then he quit. The trials were just a story as it turns out. Meanwhile the CFO/President-one-man-show with no particular skills has been making a handsome salary for decades."

Oncibiomune(obmp) has had 3 spilts. The first was 3:1forward split on 8/7/13,the second a 1:139.233 on 8/28/15, and the third a 1:750 on 9/12/19.

By my math, one would have to have 3,480,825 shares prior to 8/7/13 to have 100 shares of obmp today. It appears the sp of obmp was ~ 60 cents prior to the first split(if I did the math right. Ameritrade shows the closing price at $20,884.8841 on 8/6/19). OBMP closed today at today at$.1326. Todays 100 shares are worth $13.26. Those same shares would have cost ~$60 on 8/6/19. 13.26/60= .221 or a loss of 77.9%.

IPIX (CTIX) sp 8/6/13 was ~$1.95 on 8/6/13 vs $.0589 today. .0589/1.95= .0302 or a loss of 96.98%. IPIX has had no spilts if one purchased 100 shares on 8/6/19 at a cost of $195, they are worth $5.89 today.

Net loss comparison todays worth minus 8/6/19 cost):
ibmp: $13.26-60= -46.74

ipix: $5.89-$195= -$189.11

One would have suffered less loss, by comparison,investing in the other Nevada incorporated company.
100 shares $195 paid on 8/6/19