My opinion the slide of the PPS since Aspire’s agreement prompted Leo to find another source or risk losing Aspire at their exit price if the security continues to fall. My guess, Aspire warmed Leo they are not happy and why should they be. Leo drew them back in and showed very little since. The grant fumbling probably didn’t help as well. No partner, no grant and a 45 percent slide with 25 million possibly on the line. I’ve posted Aspire doing this a few weeks back.
I agree that there is no "loophole" and agree with your estimate of when the Aspire Agreement becomes available.
As to the volume of the package -- I do not have the patience to work through the details to figure this out. Suffice to say that I have concluded that there will be a large, active, and motivated SELLER at every turn. That does not bode well for a sustained increase in share price.
Market Data 
Markets 
AI
