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Re: wnorman1192 post# 45073

Friday, 04/25/2014 4:51:48 PM

Friday, April 25, 2014 4:51:48 PM

Post# of 163726
Nope, there is no total value target for how much Iron can make, if you take a look at the filing again. They want to ensure they can make 2.3M so they base it on the volume weighted average prices for the stock. So the calculation says whatever the lowest five day average price is take that and run it through the calculation to figure out how many shares they get. They have complete discretion over when to sell shares and they don't have to stop once they've made 2.3M. So in all likelihood to maximize profit you would sell as much as you could at the start to get a good price for them. Then you keep selling to drive the price down for five days so that you earn as many shares as possible. Then you let the price go back up as high as you think it's ever going to get before you sell any remaining shares. Monday will give them their fifth consecutive day below .0182. So they should be content to let the price rise after that.