Yes wifisherman, I'm well aware of them - there's little doubt in my mind that IPCI did not go from $3+ to $2 in 2 weeks because investors wanted out... but that it's been forced down by selling from one account to another related account on a never relenting downward push... probably picked up very few loose shares, and instead probably sacrificed more than they gained.
What doesn't make sense to me is how they now expect to accumulate 4 million shares without driving the price to $6.00 to $8.00 in doing so.
The only hope they would have is if they can get the shares directly from IPCI, and I believe that WILL NEVER HAPPEN - I believe the Odidis would lend the company money if necessary for as long as it takes to sign a partnership.
I think the Odidis would have agreed to an issue of maybe 1 million shares for $3.50 - but nothing anywhere near $2.00 nor 4 million shares - and now I believe they would not issue shares to them at any price - the knife cuts both ways.
although all the above is assuming that there actually was an offer for 4 million shares at $2.00 - I'm not sure, but activity sure seems to have followed that logic.
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