Replies to post #341168 on Innovation Pharmaceuticals Inc (IPIX)

[farrell90]

Best theory I have heard. Are they worried about next week?

GLTA Farrell

[Longpicker]

And the ask has been lower than the bid multiple times today

[TheDane]

That’s not a v shape, it’s a fall off a Grand Canyon red wall and a winch lift back up. Straight down on that first wanger of a drop.

I like the idea of it being done to clear out shorts before a big run but how would MM know about things going on with IPIX! That seems very unlikely. My thinking is it was just a “we do because we can” thing. Or maybe someone placed an order for a million shares and the MMs saw someone with a stop loss down at .18.

Who knows. Your theory is more pleasant.

[Lemoncat]

The 0.245 to 0.23 today is one thing...OTC stock often have poor liquidity. That 0.23 to 0.18 yesterday was quite another.

GO IPIX!