Sure. Aspire is forced to purchase stock any time
Post# of 72440
(Total Views: 137)
Posted On: 11/20/2017 7:09:35 PM
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!
(0)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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.
Scroll down for more posts ▼