Zynex Inc. (ZYXI)

[dokkay]

You may recallfrom the official filings, the company had an investment of approx. $600K in 2006 to kick off their sales growth. This investment was a "friendly" type investment, i.e. not a convertible debt or preferred convertible stcok deal with an endless amount of subsequent shares to be issued. It was straight equity @ $.32 per share (seems cheap in light of todays prices...) and some warrants @ $.39 per
share. The investment was made by a dozen high-net-worth individuals through CIG, an investment banking firm. Most of these individuals have been selling in the later part of 2007 under rule 144 (after a year they were free trading), and a few of them have filed the form-4, which you are refereing to. You can not always count if their brokers have actually sold the proposed amounts, but in this case I would expect it. Bottom line is that nearly 2 million shares have been absorbed by the market the past several months without the price going down. Most importantly, we have to remember that the shares that can potentially hit the market from the 2006 investment go down significantly every day. Not only are these shares now in the hands of people, we would expect them to gain significant gains before they sell. In addition, the available stock on the sell-side should become less every day.