Innovation Pharmaceuticals Inc (IPIX)

[steelyeye]

I agree, nice analysis JB... and if you are close we should be done, or almost so, with those 1.4M.

The only other explanation is continued MM boxing of the SP to delay uplist.

Bankruptcy court hedged the 1.4 million shares IMO.
That is what hedging is for, to take risk off the table.
There is no way that the court would risk the debtors
money to the whims of the stock market for two months, let
alone an individual security. It is the courts job to get money
to the debtors in the safest, quickest, most efficient way possible.
Not to gamble in the stock market. I believe that DMatt
had it right that Aspire shares were hitting the market, but
it was the court selling the Aspire shares. Most likely the
court borrowed 1.4 million shares from Aspire for a fee and
will return these shares to them after they receive the registered
shares.

My original thought was the court would go to an institution
and have them short 1.4 million shares, and then return them
when they get the shares. The last short sales data shows only 97,000 short for a 35% drop.
So this didn't happen.
Aspire would have most likely been the only ones that they could
borrow that amount of shares from.

If they sold these shares over a 20 trading days, that would
amount to 70,00 shares a day. This could have easily caused the slow bleed in SP.
Then throw in any uncertainty, breaking of technical averages, etc, and you get a decline like we did.

All IMO of course.