The $50k Challenge – Update 9

The $50k Challenge Update 9 – 17/04/2020

Stock Code: IP1

Shares Sold: 226,545

Share Price: $0.013

Profit %: 59% (average)

Profit $: $2,039

Reason for Selling

Like most micro cap stocks, IP1 has taken a big hit due to the coronavirus share market falls. Has had a surprising 300% run today on the back of no news. Based on the potential revenue impact due to coronavirus combined with the dropping cash levels, I’ve decided to lock in my gains and reduce risk.