I said it before that Aspire is one of the main re

I said it before that Aspire is one of the main reasons for the stock decline, along with lack of immediate catalysts and low cash on hand. It wasn't a popular answer at that time. According to these numbers posted by F1ash,

“During the period from October 25, 2013 to March 5, 2015, the Company had completed sales to Aspire Capital totaling 8,890,379 shares of common stock generating gross proceeds of approximately $20 million."

"During the period from March 30, 2015 to June 30, 2017, the Company had completed sales to Aspire Capital totaling 14.7 million shares of common stock generating gross proceeds of approximately $16 million."

"From July 1, 2017 to September 1, 2017, the Company generated additional proceeds of approximately $2.1 million under the March 2015 common stock purchase agreement with Aspire Capital from the sale of approximately 2.6 million shares of its common stock."

8,890,379 + 14,700,000 + 2,600,000 = 26,190,379 shares

5% of the current OS is 6.89 million shares. We know Aspire has to file a Schedule 13G if it owns 5% or more. The fact that Aspire hasn't filed it means they've sold at least 19.3 millions shares, or ~74% of the shares sold to them by IPIX.

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I don't think Aspire or Arruda sales of shares are responsible for the downtrend in the shareprice.

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