loanranger, the reality of naked short shares and related motivations was addressed in this excellent and comprehensive post on the subject written by "Mo" from another message board. All IPIX investors should be aware of this information.
6-01-21
"It is amusing that every time IPIX SP goes up a whole penny or so that some posters especially on other boards claim “shorts must be covering”. The following is JMHO but most Longs are able to connect the dots. The first thing you need to do is completely separate legally borrowed short selling shares vs illegal naked short selling. The criminal posters consistently try to blend the two to prove that naked short selling is a tin-foil-hat conspiracy theory. They are completely different entities with completely different goals. Legal shorts bet on a stock to go down and after it hits a targeted price point or once the risk/reward is no longer in their favor they cover their borrowed position, take their profits and move on. Illegal shorts target a company with the intention of initially crippling the company, forcing non-revenue targeted companies to issue additional shares (dilution) making the borrowing for capital increasingly expensive. The combination of expensive capital and increased dilution spiral the targeted company SP to an accelerated downward spiral. Targeted companies compound the problem by doing reverse stock splits. The hedge fund has a 90% success rate of putting their targets completely out of business. If/when the target goes out of business the hedge fund never has to cover their naked position and they pocket tens of millions in profits with no recourse.
My opinion is that IPIX was artificially taken up from $2 or so to almost $5 to sucker in momentum investors. A coordinated compression campaign has been in place since at least 2015 that has included mirror trading by the MM’s and coordinated naked short selling from a hedge fund. The Mako hit piece and coordinated Rosen class action suit were all part of the criminal plan. Several paid criminal posters each with dozens of aliases were put in place to post FUD to assist in the criminal plan to force weak hands to sell. As the naked short selling increased, IPIX SP continued to slide. The SP compression went from $4.93, to $3 to $2 to $1.50 to $1 to .70 to .35 eventually to .05. In the most recent years IPIX has been forced into a tough position of issuing sub dollar stock to try to get Brilacidin to market. B-OM and B-IBD were seen as the quickest and least costly path to a drug approval. As terrible as COVID is for mankind it probably prevented IPIX SP from being further compressed until a point where B-IBD UC could became a success. COVID took everyone by surprise including the criminal hedge fund and complicated their criminal attack plan on IPIX forcing them to dig themselves into a much deeper NSS hole.
The daily FINRA numbers that AlanC posts are just a small piece of a much bigger picture. 4Kids occasionally posts monthly, yearly and multiple year data which paints a much clearer picture of the overall criminal footprint. The main question that investors need to ask is “Who is selling IPIX at current prices?” Investors understand the extreme upside for IPIX SP if the current B-CV19 trial is successful. Remember 90% of investors voted yes in the proxy to increase Authorized Shares from 300M to 600M shares. My take is that this is a critical vote of confidence that at least 90% of IPIX Longs know the long term value of what they own. So again who is selling? The criminals will point to Aspire and the MFO but even with the dilution since 2015 the numbers do not simply add up. A recent key point is that Leo has not diluted since 2/10/21 per the Q-10. KIPS Bay is actually holding on to their position and appear to be true long term investors. Look at the volume in the last 4 months and again ask who are the sellers required to complete a stock transaction? You need a buyer and a seller for every LEGAL share."
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