Monday, July 02, 2007 2:49:19 PM
I guess everyone here would prefer to have free trading stock instead of restricted even if we wanted to hold long term.
All stock trades some up and down and if you hold only restricted shares you can never sell from higher and buy it back lower. All of us here as example saw the high of $5.75 and low of $5.25 and we all can trade in an out as we please.
Previous 144 holders who held for the year has just as much right as anyone once it is registered.
The free trading float of the stock is now only a bit over 4 million shares so not enough for any major institutional buyer to take much of a position.
Any shares that come into the market are a benefit as they make the stock more attractive to funds or other long term investors.
I am a consultant for NNRF, Inc and own personal shares
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