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Posted On: 01/07/2017 10:51:26 PM
Post# of 72440
Quote:
As far as the claim that this somehow cost CTIX money, that is utterly untrue. This came out of Dr. Menon's personal holdings, and in no way was paid for by CTIX.
I agree that Menon handled the resolution of the original problem in the least harmful way possible for shareholders. Had he not transferred the shares there would have been an ugly battle.
To say that it was in no way paid for by CTIX is disingenuous unless you believe that Menon would have sold as many shares as Aruda and the lawyers. We (CTIX) are paying for those Aruda shares because our Aspire sales are that much more expensive due to the extra selling pressure Aruda exhibited on the stock in 2015 and 2016. It's possible we would have uplisted had Aruda not sold his shares.
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All content of my posts is my opinion and speculation. Do not treat anything I say as fact or actionable investment advice. I participate to challenge my investment thesis from any angle possible. Please do your own due diligence.
Current Positions:
Long CTIX.
Current Positions:
Long CTIX.
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