I've seen a few stocks (ZOOM and NCNC) recently do reverse mergers that can dramatically increase a stock's price. In ZOOM's case (now ZOOMD) they were a unprofitable maker of modems, but a profitable Chinese company merged with ZOOM and the stock went from $1 to $14 in a month! NCNC is doing the same thing, but the merger has yet to be completed (it could go up dramatically when it's announced). A reverse merger is a cheap way for another company to go public, and it would not surprise me if some company is considering a merger with IPII.

The bottom line is that there is no fundamental reason why IPII has seen a surge in it's stock over the last month. Perhaps something else is brewing.