Yep you're not alone my friend...I won't even risk averaging down here unless and until I see major changes taking place on how IPCI goes about their market messaging.
If Dr. Odidi won't step aside then at the very least he needs to quit ignoring the market and get out there pounding the pavement himself to start rebuilding all the lost market confidence in his stock.
He has the power to do it...just as he has the power to start coming up with creative solutions to start advancing IPCI's stagnant pipeline. But the longer he allows time to become the killer it's become here...the harder it's gonna be to regain momentum that gets this stock uptrending above $1 again.
April's gonna be a key and significant month for IPCI's future because the offering shares from last October come off their 6 month vesting period...so I'm real interested in seeing what Sabby and Armistice do with their shares once off restriction. If they hold instead of immediately bailing and IPCI starts delivering tangible results like launching the long awaited PODRAS Human POC Trials and the CAT 2 & 3 oral and nasal HAP studies...we still have a chance to reverse course and bring in a new wave of optimism. But Dr. Odidi has got to quit ignoring the market and come up with a strategy that builds in market expectation and interest again! He can't just keep doing the exact same things he's been doing over the past 4 years and expecting different results!
And if he genuinely believes or expects the institutional holders from last October's financing to hold their shares instead of sell them when their vesting expires next month...then he should want to take IPCI's story to the street again! After all, if IPCI mgmt. won't show the world that they're going to prevail and succeed despite all the disappointments of the past 4 years no-one else will right!
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