Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

On Thursday you said "Aspire owns about 5% of o/s shares."
When questioned about that you said "Don’t need a link. It’s a fact."
Today in response to a follow up question you said "You will find that I am correct. Watch Aspire financial filings in the future."

Now you've told me that when you said that people should "Watch Aspire financial filings in the future" you weren't saying that you expect Aspire to make a filing indicating that they own over 5% of the company's outstanding at all...essentially acknowledging that not only doesn't Aspire hold 5% now, but you don't really expect them to hold 5% at any time in the future, otherwise YOU WOULD EXPECT A FILING to that effect.

But none of that matters as much as your latest offering:
"Read what Aspire does and how they invest."
I have.

"They don’t buy stock at discount from just any company and flip for a few pennies."
Not just any companies, no, but they do flip for pennies....that's EXACTLY what they do.
Here's what they don't do:
"They invest in companies."

Aspire has had common stock purchase agreements with over a couple of dozen public companies in recent years and as of its latest filings it doesn't hold over 5% of the common shares of ANY OF THEM.

They don't invest in companies if by investing you mean buying and holding the shares of the companies with which they enter into financing agreements. We don't have to "Watch Aspire financial filings in the future" to know that. Their past filings prove it.




Here's their Edgar listing:
https://www.sec.gov/cgi-bin/browse-edgar?company=aspire+capital&owner=exclude&action=getcompany