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Alias Born | 08/21/2007 |
Saturday, January 10, 2009 11:57:46 AM
their are 29,250,000 PP shares recently freed up from "Rule 144" that could potentialy hit the market at anytime now. What the directors are selling is chumpchange compared to the PP shares.
Good:
-Thurs and Friday roughly 4mm hit the market (maybe most PP are holding) looks like their avg is .1 and they didnt dump driving the PPS down.
Bad:
-many PP holders will be happy with a double and exit at .2 creating resistance
-things dont go well at Thursdays CC I expect the flood gates on the PP shares to open releasing another 25mm = game over
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