Dead cat bounce? SP manipulation? Who knows. The company is just about out of cash and beyond danger of being delisted. There used to be a stock analyst that was pumping this daily and in love with the CEO Tom who was raking in $5M of comp annually. He said the stock would be $9 by August but he was FOS with not one data point as to why. Stock since dropped like a rock after that prediction.
Last time the price ran up a bit, it was when they were doing another capital raise/dilution. I suspect they wanted to artificially get the sp up as high as the could. They need to do a raise as they are still paying the note on the spruce goose Texas location that they can't sell. Because IBIO can't sell and have defaulted, they renegotiated the deal with interest rate escalations that are becoming very painful and eating away at their remaining cash.
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