Tuesday, July 13, 2010 9:32:51 AM
If they are, then the CEO can't cash out like the rest of us. I'm on the fence with the restriction anyways. If they are restricted it will prevent the massive sell off from the profit takers and could allow the pps to rise (We will not get 2.50 when our shares convert over).
Perhaps being forced to hold could also be good, because maybe the whole point of this merge to get it publicly traded so that they can be bought out. Better to have all your shares if there is a buyout on the table and removes all pressure on making a decision whether you should sell or not (less stress).
The CEO has a lot of GOTV shares, so whatever he does, remember his intentions are to make money with them. He declined the merger the first time around because it wasn't in our interest (most likely his interest as well). Something happened a week later that interested him to spin off the company ASAP.
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