I have no clue anymore. What I'm waiting to see now is as follows ok:
We know the 6 month vesting/holding period on last October's raise expires soon...so if the pattern of the past few years holds here's what's probably gonna unfold.
The funders from last October's offering have already shorted IPCI down from $1 per share to these .50's share price levels.
Now in anticipation of their 6 month vesting period expiring soon...they're probably waiting for 2 things to occur. The 1st will be IPCI reporting their Q1 earnings and the 2nd being IPCI finally launching the Rexista HAP studies. And the funders from last October will then use both the pending events to start covering their short which should push the share price back up above .80 cents. Then they simply sell off the block of stock they got issued last October and overall they come out in the green!
The only way we'll know if that's what occurs is if we see their current institutional positions decline if the above described events unfold ie:
A run in the stock surrounding earnings and HAP studies launching immediately followed by their current IPCI holdings declining in the equal amount of shares they were issued in last Octobers financing.
And if everything described above unfolds...then it's gonna take a miracle for us remaining round 1 longs to survive...because if/when the funders from last October sell their shares after their 6 month holding period expires...we wont be trading above $1 and we'll be at risk for a potential reverse split by June
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