Replies to post #378252 on Innovation Pharmaceuticals Inc (IPIX)

[petemantx]

I see no chance in hell that the govt takes any action on shorting rules for MMs. They are all in it together at the expense of the general public.

They will talk a good game until the general backlash seen by AMC and Gamestop dies down and then all action will slip into oblivion.

I still haven't seen any reason a MM has to ever cover their naked shorts since they just keep shifting them between themselves to evade supposed SEC or FINRA oversight.

The only thing possible is MASSIVE trading days for weeks on end so that it becomes shown there are not enough real shares to trade to cover all the daily trades. Hope we get to that point one day.

If this post is rated off-topic, then all is just games as naked shorting has/is/and will continue to be a major feature of this investment.

[zandant]

If you have facts, report those facts to the SEC. Otherwise, it is nothing more than speculation.

[sox040713]

I'm not debating whether naked shorting exists or doesn't exist in IPIX. Since you guarantee it has happened, please show when and how many shares backed by creditable sources.

Someone mentioned a recent lawsuit on naked shorting. I haven't read it, but logic would suggest that the plaintiff's lawyer should have some creditable evidence to support their claim. If Leo's lawyer goes to court and argues that because naked shorting exists and has happened to other companies, therefore it must have happened to IPIX, they will be laughed out of the court.

If lawyers of other companies found evidence of naked shorting, why can't Leo hire a lawyer to do the same? If it really exists in IPIX, Leo could win and receive a big compensation.

We know it has been done in the past, guaranteed, so what’s the logical thought for present situation.