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Samsa1

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Reply with quote  #1 
OK folks, clearly we are in deep sh!t here.  we all know how we got here.  I do not want this thread for that.   The real question is what to do now?  What exit strategy can we use?   So I thought we could use this thread to post ideas as to what those of us who don't have warrants can do.   Should we all be shorting figuring it is going to zero?  what happens if you short and they declare bankruptcy?   I for one never shorted in my life and know nothing about it.  but I am willing to hear thoughts.  

I think we all need to consider how can we best save what little we have left. Or is the best cause of action to just sell and try and recover somehow?  I for one am open for all thoughts.   I have less than 2 years now to try and recover.   I am sure I am not alone.  Just wondering what options we really have. 
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fabioulous

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Reply with quote  #2 
Samsa, your questions are same as mine; main point is the exit strategy.

Right now we have an enormous problem: there is no volume, excpet the wash shorting made by Pharmer and his friends. So it is very difficult to sell our shares (at the market orders would cause a -30% or worst in a matter of seconds)....limited orders could stay unfilled for days.

Theory says we should find another horse to recover from the losses in this one. That is going to be an almost impossible mission, given that the majority of us longtime shareholders would need a tenfold to breakeven.

don't really know what to do; let's see what is the outcome of the offering.

and please don't believe Pharmer; he has been playing here, often contraddicting himself in the space of a few rows. He is just a trader, working against weak and inexpert management. And he know how to do it.

He doesn't care about retailers or hurting normal investors much more than Odidi. His only mission his to make money with all possible means.
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Samsa1

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Reply with quote  #3 
Fabious, well I know how you feel about the manipulation.  I am trying to desperately  try and reason with him, that in his attempt to hurt or punish Odidi,( which none of blame him for wanting to do) it is killing us as well.   

So I am hoping if he doesn't want to see us as friendly and help us all out then we got to try and band together and figure out how to recover something.  If you are like me and a least a few others.  I held most of my shares in an IRA.  so to take a loss to offset against capital gains doesn't help.   If I sell now, I sell at a loss and that is it, its gone for good.    Then to compound matters.  the only thing I saw as an option to address the manipulation was to cost avg down, thinking they would eventually need to run it back up. 

So, I cashed out shares in other stocks continued to buy more shares of IPCI to cost avg down and now just compounded the problem with more losses AND except for a couple interest generators I hold nothing but IPCI stock.  

SO I was hoping between the rest of us in the same boat we can find something to do with what is known.   Like I do hold over half my shares now in a taxable account.  I could short against them but know nothing about shorting.     If we feel the intent is for the group to run this down to zero or force bankruptcy on the company.  is that a away we can save what we have?   by shorting now at this level?  The shares held in the IRA is still lost because we can not short those even if we wanted.

So I was hoping we could get discussions going on what happens if we short now, or how does it work if we wait until the price pops on any news do we short then or is it best to just sell out and try and recover what we can?   Thats why I was hoping to have some discussion here as to how this can work based on what we expect.  right now, I lost everything for retirement.   I am just trying to survive this

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Samsa1

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Reply with quote  #4 
Pharmer, it is really difficult to relax when you lost everything.  We all have lost faith In odidi.  The manipulation will continue regardless.  I get that.  but now he intends to issue 5 million more shares.  so add that to the float we now have 10 million float.  at $3 that gets us to market cap of only 30 million.  but with nothing else on the horizon I see that as the new trading range.    with all the cost averaging down I did as example I need $9 a share now.   I do not see that being achieved.  so now I only see a way out to secure anything as shorting to protect against a free fall but even then I can only safe guard my taxable account as one cant short in an IRA.  But in doing shorting one also has to know or understand how that works.  which I for one do not know how it works.  like can one sell shares at a loss to use that to cover once the price drops again?  I have no clue.

SO, you have to see it from our prospective , its very difficult to relax when we have few options.   which is why I was trying to say if we truly are on the same side how about some advice?    If the idea is the company will be taken over which is can be once he issues those shares then what is our best outlook ?  $5 a share and by when?  Us little guys still need to try and survive this somehow.
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Samsa1

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Reply with quote  #5 
Pharmer, I am asking for your help here.  to understand this.  I just saw the price spike to $1.80 now its back down to $1.30. so how does that show me that people are covering?  to me t just shows someone covered but immediately shorted again?  

so what am I missing?  I am really looking for help here on how this works because I do understand what is really going on.  Then I have no clue what to expect as best outcome to make the best decision.   I only know about the market what my Grandfather taught me as a kid.  I dont know how to read shorting.  I know that you sell shares now, get the money.  when the price drops you can cover at a lower price.  you make that profit.  but how does that help with the shares one still owns at the higher price?  its things like that which are not known that I for one feel lost in.  

I kept buying and buying all the way down to cost average because I knew by him diluting and getting more shares we would never get back up to where we once were.  but now its to the point, I put more good money after bad.  NOT because I believed in odidi, just trying to survive this mess.  but even then I was not able to bring my cost average down enough to break even if the price never gets back up.  as soon as he said more dilution, I am now stuck with the reality our high end point is now even lower. 

if you know what I am getting at?
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wimuskyfisherman

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Reply with quote  #6 
So if Pharmer says it is going to $8, we can be assured him and the gang will sell everything at $4... LOL [rofl][wave]
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Samsa1

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Reply with quote  #7 
Pharmer, at this point, I am done with IPCI.  I never expected to be in this long.  I see he is nothing but fluff.  he cant deliver on anything that brings in revenue.  I know that the only way to change that is get him out.  I bought into this 6 years ago.  I didn't have all my eggs in one basket at that time.  I thought it would run to $7 then and I would make a comfortable retirement.  

My problem was I still believed in the technology even up through adcomm and thats when I doubled down trying to cost average down. I rolled all my other profits into this at the dollar level or $10 now.  I have been adding to it every chance I got trying to bring that down but I was so under water It barely made a dent into it.  then it does not help that I have 2 IRA and 1 taxable account so the IRA's are around $950 and my taxable is around $8.50.

It got to the point I no longer tried to get my wife retired early but was just trying to figure out a way to get back what I lost already.  to this day I still believed in the technology but never expected him to be so damn arrogant to make stupid decisions he has.   It just didn't make sense.  

so, now my wife has changed jobs and committed to to work to full retirement.  I never expected to be wealthy.  just hoping with my health condition to be comfortable. if I can get anywhere near $9 to 9.50 I would be a little down but could accept that.  I just hope based on seeing the charts you provided if it pops up that high it stays up at least long enough to get out.  like I said.  using today as an example.  It popped up to $1.80.  by the time I got the alert it was already don to $1.50.  it would be nice if it stayed for at least a day to give people time.

so in your experience do people have at least a day to get out?  or does it crash as fast as it goes up?

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wimuskyfisherman

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Reply with quote  #8 
The news is the offering.
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Samsa1

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Reply with quote  #9 
wim, I truly hope you are wrong.  we all need a way out of this mess.
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mopar44o

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Reply with quote  #10 
Quote:
Originally Posted by wimuskyfisherman
The news is the offering.


Ain't that the truth. I can smell the sh1t from pharmer from here
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Samsa1

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Reply with quote  #11 
mopar, as I said to wim.  you have your choice to not believe him.  but we all have seen the manipulation.  we know why its been done because of Odidi.  I for one, hope this comes about just to get out.  if you can afford to loose more then so be it.  but I for one hope he is being honest here.   we already lost everything.  so why not hope that he is telling the truth?  I for one hope he is.
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fabioulous

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Reply with quote  #12 
C'mon Pharmer... Let's see if your predictions define yourself.

One way or the other

So far...
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fabioulous

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Reply with quote  #13 
And here we go ...1$ here we come.
And once again if Pharmer says buy, you should sell.
And when he says covering it means new shorting.
Always.

Don't understand what's his point in f..ing with us...like if we were those to be punished .

Sad to say the least
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Samsa1

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Reply with quote  #14 
Fabiolous, well, well. not what I wanted to see. I already had hoped we saw the bottom.   BUT, Pharmer provided some charts that are supposed to show short covering.  do they?  I have no fricking clue.  to me it looks like new lows or more shorting.  but then you see rebounds after.  so I for one will give him the benefit of the doubt here.  becuase I do not see how new lows or more selling is actually covering BUT I do not understand the entire short process.   Thats why I opened this thread.  to try and at least learn something.

I personally had thought we saw the bottom at $1.30 but today we spiked up to $1.80 and now back to new lows.  so are they just creating the low we see in the charts that were provided?   I do not know.   All I know is, I for one lost everything.  I have not figured out any exit plan so all I can do is hope that what he is saying is truthful. that a low bottom is being set (where lord only knows) in order that this action will create this short squeeze.  I just hope the squeeze if it comes, is high enough that we can exit.

So, in all fairness, if what he showed in the charts indicates a squeeze, then lets hope this is the bottom they are looking for and when news of HAP studies come out the squeeze is created.   until then if the HAP studies get released and we only pop to $4 or so.  well, then you have your answer.  we all got screwed more than what we already have been.

But until then I think it is premature to say he has lied at this point. 
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wimuskyfisherman

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Reply with quote  #15 
The volume today was quite interesting. Huge volume in morning and price rose. Then this afternoon volume subsided and price went down big time on relatively low volume. 
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