Replies to post #151419 on Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Karin, it doesn't matter how many times this company is used as an example, people who want CTIX to do a RS to uplist are most likely traders. Nasdaq presents a whole new level of shorting options.

About your PM, I was being sarcastic.

Here's the chart to show a visual of the stock after the uplist to NASDAQ via a reverse. The only ones it helped were the short term traders. The long term holders are now sitting with fewer shares along with lower net value. An R/S isn't the answer and I'm glad the CTIX CEO has made it clear that's not the route he will take.

[loanranger]

So in drawing that comparison are you saying that the news that CTIX has been able to generate since the filing of the Nasdaq application wouldn't have provided any more support to its share price after a reverse split than whatever progress AVXL has reported has provided? That seems an important element to add into the comparison.

In other (hopefully clearer) words, are you saying that the negative effects of a reverse split are so oppressive that they would overcome both the good news generated by CTIX since February of last year and the value of an uplisting in terms of institutional investment? And hence would you expect the current share price (split adjusted, obviously) to actually be lower than it is had a reverse split been implemented at that time?




(Please try not to to include the phrase "Leo says he'll never do it" or words to that effect in your answer.)

[believer20]

Karen the stock did a 4 for 1. When the rumor came on up listing the stock was 60-70 cents. I had it. It rose to 1.30 and above. After the split it rose to 14.50 Roughly 3.60 a share. 600 percent increase. Hell yes I'll trade the stock who doesn't here? We will not see 600% a year from now ever. Let alone 200%. Yes the stock is lower now. But the shareholders got the chance to break even. Minimum. Let alone make a nice profit. We aren't doing anything on the pinks. Leo keeps reading that we are happy little campers while our accounts tumble. Not just daily. For the last THREE YEARS.