Shorts are not in control. No one would invest in
Post# of 72440
Aspire has been the #1 reason for the recent decline. For example, from April 1, 2018 to May 9, 2018, the selling pressure by Aspire was:
8M shares / 28 days = 285,714 shares/day
I explained why Aspire is more likely to sell than hold here.
https://investorshangout.com/post/view?id=4976634
Here’s what I said after the 10-Q was released.
“By showing Aspire is the #1 reason for the constant decline with actual numbers and logic, my purpose is to make investors planning to buy or currently holding feel more comfortable knowing the shorts can’t walk the SP down to any price they want by selling shares they don’t have.”
https://m.investorshangout.com/post/view?id=5039571
Now Aspire has more than 5M shares at 38 cents (cost basis). We don’t know when and how they will sell, but we do know they won’t sell if the SP is lower than 38 cents.