Aspire was at the presentation. And, Aspire was discussed in the question and answer period after the presentation. Aspire is quite pleased with their investment in $CTIX. They are ready to do another deal if/when Leo would like to. They do sell, but, only enough to prevent the filing of a SC 13G. Apparently, they have filed them on a couple of companies, but, prefer not to be in that position. Also, when they do sell, they don't do so in a way that tanks the stock so as not to hurt their investment. This weeks plunge wasn't due to Aspire.
In Reply to 'TheMonolith'
Thanks JB for doing the legwork. It is then possible that Leo accessed the final $9.6 million leading up to SF. What was the rule again on what price they receive? 10 day average? That would mean it is possible that he received $4+ for the money, if true that he accessed the cash. That would be over 2 million shares that Aspire would probably be quick to want to dispose of.
I think this is far more possible for the decline than the other conspiracy theories out there.
Leo's emotional release towards the shorts, and talk of up-listing even after the FDA asked for data makes me believe it is very possible. I have lost some trust in the near term for CTIX management, but understand it would be a justifiable thing for the longterm shareholder in the form of less dilution. Remember, Leo talked about maximizing that. He mentioned that they may seek other partners. Did he upset Aspire?
We will find out eventually if this is what happened, but not for a while.
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