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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Shorts are not in control. No one would invest in

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Post# of 72447
(Total Views: 337)
Posted On: 07/02/2018 7:29:55 PM
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Posted By: sox0407
Re: AlanC #47087
Shorts are not in control. No one would invest in a stock with shorts in control because you are just giving them money. I understand shorts want investors to know they are in control to discourage buying so the stock would go down.

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.


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