Replies to post #341025 on Innovation Pharmaceuticals Inc (IPIX)

[microchips]

I think that people should be wiser than to set stop losses on OTC stocks. On the other hand, considering where the share price has been in the last year, this is a small blip along the way.

[MackG]

It really is outrageous. I'm hopeful that those who got stopped out of their IPIX position will recognize what happened and why, and quickly buy back in. I can't wait for the day when the success of Brilacidin and the subsequent massive volume that will follow, puts an end to this kind of egregious manipulation. I believe that will come quickly starting with the announcement of a successful clinical trial.

[loanranger]

At least 20 lashes IF it can be proven. MORE than 20 lashes...a multiple of the difference between what they paid and the market price at the time of the trade souunds about right. The problem is with that IF.
But if that IF has the same quality of proof as has been offered up to show that there are X millions of naked short shares in the hands of ne'er-do-wells then the extent of the described problem is equally imaginary.

I'm a little surprised to hear that "For market makers to snatch a stop loss 20-30% under the market" isn't already illegal. Are you sure that it's not?

[unstable genious 1]

100 % with you

[TheDane]

The lashes are overkill, but probably the most satisfying.

[Lemoncat]

As someone who thoroughly believes there is no major naked short interest in IPIX...what happened today was undoubtedly criminal.

To go that far below the market trend to grab a massive 800,000 shares blatantly in broad daylight was unbelievable. That market maker must have been seriously short and knew risk of doing that trade was far less than holding the short much longer.

They wouldn't do it to accumulate shares because the gains would just be disgorged. But to cover a short position, they'll get the slap on the wrist if it ever was investigated but won't hold a 800K short position to $3+

Go IPIX!