Innovation Pharmaceuticals Inc (IPIX)

[attilathehunt]

I'm just guessing about 30M and thus the length of time we sit in the low $0.20's. MM's need time to cover since they never lose!

My gut (and it is a sizable one - once a six pack - now a keg) says they are close to covering and we should see a permanent spike up before next major news...I have a very peaceful feeling about this all becoming a reality very soon.

I do expect a buyout in the 5B to 8B range with Leo accepting along with a major position in the acquirer (which means lucrative stock options) and thus his willingness to sell in the single digits. This is not a criticism, just real world deal making.

For those who think $8B is unrealistic because we are sitting at $0.22, then ponder this...Whose to say the potential acquirer won't start buying ahead of time to drive up MC to say $2B so it doesn't look like an unrealistic premium. At that time it may be $8B to us but it will be a lot less to the acquire.


B will be very successful. From Halloween to Thanksgiving!!!