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Posted On: 01/04/2018 6:51:21 PM
Post# of 72443
Aspire is not in the business of gaming for pennies. If there is a buyer for a 70K share chunk at a price Aspire deems acceptable at the time, they will sell into the block. Volume for the day doesn't matter as there was someone who wanted to buy those shares.
That doesn't mean this trade was or wasn't Aspire, Aruda, other shareholders or naked shorts. What we do know is that Aspire seems to want to remain under 5% ownership which means they have sold over 70% of what we have sold to them over the years.
They may hold a minority of their shares but they are, in effect, just a secondary offering on tap. The boggling of your mind occurs when you try to apply your logic to the behavior of a venture capital firm like Aspire.
Go IPIX!
That doesn't mean this trade was or wasn't Aspire, Aruda, other shareholders or naked shorts. What we do know is that Aspire seems to want to remain under 5% ownership which means they have sold over 70% of what we have sold to them over the years.
They may hold a minority of their shares but they are, in effect, just a secondary offering on tap. The boggling of your mind occurs when you try to apply your logic to the behavior of a venture capital firm like Aspire.
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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