Monday, August 25, 2008 3:48:05 PM
By restricting the transition shares, that allows the company to stabilize the company/pps and gives them and retailers a cooling off period to assess the true value of the company. It can also be a major detriment to the shareholders who are now locked in due to the restriction. If the company can't maintain that pps value, the shareholders that are locked in will see their value erode and are unable to do anything about it.
How ever one chooses to look at it, one must assume if the pps of the new company, or the value the old retail shareholders now have has increased substancially, there will be an effort to take some profit. This may have a negative effect on the pps, and will depend primarily on how transparent the company is in regards to asset value/ownership.
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