Investors, new or old, should know where the selli
Post# of 72440
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Posted On: 11/16/2017 11:53:49 PM
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, the validity of the daily short volume should be questioned as well since it’s from the same source.
"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, the validity of the daily short volume should be questioned as well since it’s from the same source.
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