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Innovation Pharmaceuticals IPIX
(Total Views: 180)
Posted On: 11/22/2017 1:58:43 PM
Post# of 72446
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Posted By: sox0407
Re: sox0407 #39310
Investors, new or old, should know where the selling pressure is coming from. Leo knows what Aspire will do with the shares and it's stated in the 10-Q.

"To the extent Aspire Capital purchases shares under this Purchase Agreement and subsequently sells those shares purchased, the other holders of shares of our Class A common stock may experience dilution, which may be substantial. In addition, the sale of a substantial number of shares of our Class A common stock by Aspire Capital, or anticipation of such sales, could make it more difficult for us to sell equity or equity-related securities in the future at a time and price that we might otherwise wish to effect sales."

The fact that Aspire has yet to file a Schedule 13G means they have sold at least 75% of shares acquired from IPIX. I can show the math to those interested. Aruda provided more selling last year, but we don't know how much he has sold, if any, this year until the next filing.

I don’t agree with the logic that no one is selling because longs I know aren't selling, therefore it must be naked shorts. If you question the validity of the legal short interest posted by FINRA (which I don’t), the validity of the daily short volume should be questioned as well since it’s from the same source.













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