Sorry for delay in responding
We had around 105 Million shares unlocked Nov 2nd. Dec 2nd is the unlock for the shares associated with the warrants in the 2nd round pre-IPO for those that took advantage.
Example: If you bought 40K shares in round 2, you also received 40K warrants that you had to exercise due to those warrants being accelerated several months ago. So not all would have taken advantage IMO. In my case, had to pony up around $65K to exercise those warrants.
Those shares (no longer warrants) are locked up till Dec 2nd 2018.
So technically there were say 100 Million shares that could unlock Dec 2nd. This is NOT going to be as big an influence on price and here is why:
1. Not all took advantage of those warrants
2. Many sold part or all of their Nov 2nd shares to cover the cost of their initial investment and the cost of exercising the associated warrants and will let the shares that unlock Dec 2nd ride as free shares.
So how many of those new unlocks will trade Dec 2nd? I would estimate under 20M.
To answer your other question about future unlocks....I'm not positive but believe either April 2nd or May 2nd comes to mind... Maybe someone else can advise on this. Didn't participate beyond the 3rd round and round 3 didn't have a hold. Round 3 was your got your stock and 50% of that quantity was warrants that could be traded from Day 1.
Gets confusing as you have numerous classes of warrants, only those from Round 3 I believe are currently able to trade.
To summarize, effect of Dec 2nd unlocks will be minimal compared as to what happened Nov 2nd. That said, always good to be ready to pick up some shares on a dip should it occur.
GLTA and look for a nice bounce to today.
