12 more days until our buddy Allison Gordon gets the green light to sell another 100k shares.
CSMG agreed to issue to Allison 2,000,000 shares of its common stock of which 600,000 are free trading shares and 1,400,000 are restricted shares. Allison agreed not to sell in excess of 100,000 shares per month during the first six months of the Settlement Agreement.
Given the paucity of volume over the past few weeks, that amount is not insignificant. Hopefully lowman's chat with management results in news that lights more than a 48 hour fire under this POS, because given the imminent sell pressure, we're going to need some news of substance.
Any idea when the restrictions are lifted on Allison's settlement shares? Or Banco's?
