According to what was in the note between Carey and FPFI the first we could see stock was 180 days after the notification.
That has a date of 9-24 in more than 1 place.
Yes the S! has to be filed but that is only for the portion of the note and shares that are being transferred to Carey. Remember Joe cannot take more than 4.99% of the outstanding at any 1 time.
At this point that limits him to under 1.5 million shares. Believe me, with the amount thats available in that deal its a lot more that 1.5million shares that will change hands. I also think that as part of the note there are 1 million shares to cover his cost. Dont know the status of those or if they are still in play when calculating the 4.99% limit on shares. Again, thats part of the vagueness of the note. Its going to be hard to estimate how many millions of shares Joe actually has control over.
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