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Posted On: 11/20/2017 7:09:35 PM
Post# of 72444
Sure. Aspire is forced to purchase stock any time the company chooses at a price determined by a formula. The formula is some discount to the average of the past ?? trading days. Say they received a 100K chunk of stock at $0.68 some time last week. Today a bid for 40K shares at $0.70 shows up. If Aspire has enough holdings to their liking, they can unload some of their obligation for a small profit. They don't give a hoot what the volume has been, if there's a profitable 40K bid then they can sell 40K shares at that price.
The buyer might be a short covering, or BioHedge, or anyone else really. We're talking about $30K here. Not much money for the people not spending all day on this board.
It's entirely possible that those sales are all from naked short inviso-villians. I just don't need to invoke their name to have a plausible explanation for selling. Once IPIX gets some partnership money the eternal overhang on the stock will be shaken off.
Go IPIX!
The buyer might be a short covering, or BioHedge, or anyone else really. We're talking about $30K here. Not much money for the people not spending all day on this board.
It's entirely possible that those sales are all from naked short inviso-villians. I just don't need to invoke their name to have a plausible explanation for selling. Once IPIX gets some partnership money the eternal overhang on the stock will be shaken off.
Go IPIX!
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All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.
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