Innovation Pharmaceuticals Inc (IPIX)

[roiresearch]

IPIX really tried to rally on anticipation of news from the end of Nov into early Dec. We rallied off a low of .155 to .20

Then we get a SEC filing about more dilution. Yes, IPIX is a pinksheet stock, sorry OTC stock, that needs to tap the market to raise cash. The stock then tests the prior low of .155

Leo to the rescue let's investors know the IND is approved. The stock forms a double bottom at .155 and this time rallies above the previous high of .20 and hits .221

In anticipation of Leo following his word of a Q4 trial start date, IPIX tries to rally past .221, however silence takes over as end of year selling and/or dilution are the main trades taking place. Yes, there are 2 sides to a trade, so when someone sells that means someone buys. However there is still more selling pressure leading bulls to say things like "I'll throw out a stink bid" instead of saying "slap that ask!!"

Calls for a PR each and every day of 2021 have come and gone. The important thing is for the current low of .171 to hold (short term price action)

These price points are from stockcharts.com.

I gave a link to search many major global study registries yesterday. Nothing listed. Every person is different and when people defend the CEO as being too busy, I would like to say there are way more influential people in the world then Leo and they take the high road to update their communities, whether is be stock market, schools, police, mayors, food stores... what have you. Leo can update us as to the DELAY I spoke of yesterday. What delay?