Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

"The short investors didn't want to get squeezed."

The only people who could afford to risk the margins on going short on IPIX are those who are already long on the stock. In fact if they have convertible shares that can be re-priced according to the current pps, "shorting against the box" is a foolproof, tried and tested way of making money on OTC stocks.

So the most likely culprits for being short are Aspire and/or Kips' Bay.

We can assume that if Ehrlich had made some changes to IPIX' arrangements with its financiers, he would have omitted to mention that to his shareholders or the SEC, as is his usual (illegal) practise.

Here's a link to loanranger's favorite site for information about the stock markets:

https://www.investopedia.com/terms/s/sellagainstthebox.asp