Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Fixed it for you. Did people get excited today about another useless designation?

This is our financier. We have pushed 150 million shares onto the market this past year. For whatever reason they like to cash in around $0.20. Same pattern for six months since the spike to $0.60. They sold everything they could down to $0.20 and then kept selling every time it tried to go up.

Today's 5 million shares didn't come out of thin air, and no one holding it prior to today was looking to sell at $0.21.

I think this pressure will leave this pattern in place until we get trial results. Then you'll see a massive gap down with momentum to follow.

Go IPIX!