Not sure about a short squeeze here but we should see a bounce soon,
Insiders are still dumping hard though. They are dumping at .0038 when the ask is at .0041. That does not look like retail dumping to me.
Remember that these folks are not making any money and likely won't for some time. What other source of funding do they have except to sell shares into the market? And there is nothing wrong with a certain degree of dilution - this is to be expected. After all they do need to finance their operations, don't they?
When the insiders stop dumping IFXY bounces, simple as that.