"In all seriousness, an insider sell off due to sub par bottom line results is a silly theory IMO."
How about an early morning bit of speculation, just for fun:
Remember how it was argued that Aspire wasn't just a fund interested in turning over the shares it acquired for a quick profit, even though that is basically the business they are in....that they were actually investors with a belief in the CTIX business itself and were holding at least some of their shares accordingly in anticipation of an ongoing relationship and longer term returns on at least some of their investment? I'm pretty sure that I remember some folks making that argument (although no accumulation reached the 5% of the outstanding that would have required a filing).
Let's say that was true (although I never bought into it).
Along comes the S-3. Did Aspire know it was coming? Is it possible that they view the S-3 as an indicator that CTIX will be looking elsewhere for funding at the expiration of their current agreement? If so, might they have become concerned that, if their access to discounted shares comes to an end, they may not be able to manage the risk associated with the longer term component of their holding (whatever that is) and reached the conclusion that they should relieve themselves of some of it, taking advantage of the recent volume and price movement to do so?
Probably just another silly theory, right?
ps. Who are the other two stocks referred to here? The way that the theory reflected has been posed should render their identification "on topic".
"We have a fair number of traders in CTIX who are also in two other stocks that many have heard about. One of those stocks made an advance today so my bet is a good chunk of selling occurred as a result of the fair weather traders exiting to jump on the other stock."
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