I'm pretty sure that's how it works to so if the company starts right off the back diluting from day 1 you can only watch it drop until your shares are free to trade by then the stock may have dropped significantly and your stuck. I may be jumping the gun the vote not even passed yet. I'm goin to call my broker tomar and see what I can find out. If that's the case and you don't have money to sit idol imo you should get out not worth the risk.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.