Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Sunk cost fallacy and FOMO.

I'm suffering the same with about 400K shares. Sure I can and almost certainly should take my $10K off the table. But I would be sick if this rebounded after holding it for 7 years to this level. This is a terrible strategy but so was averaging down the past 7 years. Even the shares I bought right after the trial failure at 0.08 are down 66% in 6 months.

I still feel that if there is even a shred of truth to the viability of this pipeline that a $50M+ buyout or some partnership will be struck. If not and it's just a pension for Leo well bad on me for getting scammed.

Lessons learned:
1. Never invest in another company being attacked by short sellers. You lose that battle 9/10 times. They almost always have better intel and often they have their thumb on the scales.
2. Never invest in a company with an officer that was formerly a part of NNVC.