Be careful the next few weeks. While the O/S only went up about 10% or so, the trading float can triple in the next few weeks (and then quadruple from there starting Feb 2012).
I noticed a bunch of Form 4s just got filed. Insiders started selling yesterday (about 2mil shares). Their lockup period isn't over yet so I'm not sure how they were able to do this. Most of these insider shares were bought at $0.65 through options conversion. That's some nice profits right there for these guys.
On 12/6/2011 there are 8.75mm shares coming off restriction (and can be sold into the market)
On 12/19/2011 there are 11.27mm shares coming off restriction.
There are currently 12.3mm shares in the publicly traded float. There are an additional 71mm shares outstanding that are coming off restriction in the next 3 months.
LNKD just went through the same 180 lock-up expiration (11/14/2011) and the price tanked.
Any comments would be appreciated.
From the S1 Amended Registration Statement:
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