Replies to post #204768 on Innovation Pharmaceuticals Inc (IPIX)

[Bruinfan4ever]

MM's allowing someone to cover.

[Snowy_Owl]

And this would be a noble effort. Unfortunately the SEC continues to be underfunded. And it seems investigations involving the wealthy getting burned are prioritized.

Martin Shkreli, 'Pharma Bro', serves as an example. This guy screwed people over, bragged about, and had a following. In what I assume was over confidence he then overstated his companies finances to wealthy NY investors. This caused the hammer fall.

I've often wondered about the timeline for a motivated SEC employee to become a soul crushed bureaucrat whose new primary goal is hanging on long enough to retire on a government pension.

If I worked for the SEC I would just run a list of all these transactions with 5 decimal places and start my enquiries.

[Blues44]

The SEC is underfunded and they have other worries than compiling a list of OTC/other board stocks that trade having 5 decimal points attached to them. They've got bigger fish to fry.