InvestorsHub Logo
Followers 24
Posts 690
Boards Moderated 0
Alias Born 09/27/2010

Re: Eli's Gone post# 3132

Tuesday, 05/24/2011 11:24:44 AM

Tuesday, May 24, 2011 11:24:44 AM

Post# of 3474
Jax or anyone else know when the restricted shares become unrestricted?

While last week I wrote a note about why I bought stock in this company and I got some private notes about being a cheerleader stopping just short of calling me a pumper, I want to address that.

My note spoke of how we have goals/wants/needs that differ from management who have manage the day to day operations. Yes, I am frustrated by a lack of communication but my DD makes me feel a little bit better. Cold-calling Hospitals to verify that they had the service and their thoughts on it helped put me at ease. However, that ease has been tempered by the lack of financial information. I own too many shares for my portfolio and that is what concerns me the most as I got greedy and didn't follow my own portfolio mgmt rules that limit an investment to be less than 10% of my value. I currently sit at 15% so its not like I am invested. I clearly am and this is my most risky investment.

My thoughts on this company will chnange is the restricted shares become unrestricted and volume increases. This would be a sign that mgmt is cashing out and would be a sign of a scam. Nothing has led me to that at this point but that is when I would reconsider my position.

In summary, I continue to hold and at the next opportunity I plan to lighten my %s from 15% to 10% but I don't plan on abandoning at this time nor am I pure blind pumper of this company.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.