Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

There have been other biotech companies in the past who were targeted by shorts for takedown. Unfortunately start-up biotech companies tend to live off of their ability to raise funds through dilution. The lower the price, the more dilution it takes to pay for research, development, and administrative costs so it can be fairly easy to drive the share price down to the point that the company can’t survive. I therefore lean towards the cause being the illegal actions of a predatory hedge fund or some other malevolent “investment” group. At this point, the bad guys are probably realizing they picked the wrong target with IPIX and are trying to extricate themselves from the hole they have put themselves in. If the SEC was worth even 10% of its budget, this kind of thing would not, and could not, happen; regardless of who’s behind it.

Petemantx said,

I heard many years ago that it was a BP that was the basis for the share price action we have seen for years, long before B really started getting researched a few years ago.