Just a reminder for viewers out there... it never hurts to do the math when reading or reviewing posts.
Yesterday was a high volume day; it might not have been inconceivable that Aspire sold shares yesterday if they were going to do so (which I personally doubt). But for the sake of argument, let's say they did, leaving them 2.45M shares to ditch this month as per an earlier post. At 50K shares per day, it would require 49 more trading days in September to achieve that. Including today (the post was last night), there are only 19 trading days remaining. That means they actually need to sell about 129,000 shares per trading day to reach the "goal" specified. Only 30K shares have traded so far today. 10 day average volume is below 250k, but that is heavily skewed by very high volume after the funding announcement last week. Aside from that, the average daily volume is probably somewhere around... what, maybe 100K? So for Aspire to sell that many shares this month, they need to sell more shares than the non-event daily average, every day, for the rest of the month.
At the rate of 50K shares per day, the additional 20M shares mentioned in the post would require another 400 trading days - closing in on two years from now - to sell all of them. Flooding the market with that many shares above and beyond normal trade volumes would absolutely crush our PPS and render their own investment a near total loss.
This is a basic math analysis, using simple arithmetic, to substantiate that Aspire's investment has to be a long-term investment, completely in line with their stated investment strategy.
Now, everyone is free to do their own math, and I recommend it, in order to validate given data and formulate your own perceptions and opinions from a rational basis, especially when reading posts which appear to have an ulterior motive. When blatant discrepancies such as this are found, be as skeptical as common sense tells you to be. And do the math for yourself!
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Aspire sold 50k shares today, 2.45M left this month. Then another 20M shares for sale (West Coast Snapper, post # 94957)
