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es1

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Alias Born 07/13/2009

es1

Re: ddls post# 39986

Saturday, 02/04/2012 2:06:31 PM

Saturday, February 04, 2012 2:06:31 PM

Post# of 92948
I think you are way off. The shares were just issued recently. I am sure many people here have been in splits etc and if you think about it you NEVER get your shares when they are issued. There is too much red tape to go through.
My guess is it will take 7-10 business days before they actually have the shares in hand and another couple of days for them to disposition them and decide what to hold and what to sell.

The vote was done on the 24th. That means the shares could not be issued any sooner then the 25th.

10 business days would put them receiving the shares on the 8th.
7 business days would put them on the 3rd

So by my GUESS they did not get the shares any sooner then Friday.

It is possible I am wrong but even if they got the shares on the 25th. The selling of shares at the bid since then is only about 150M shares There is no way all those shares are new issue shares.
Especially since 15M of them can be attributed to Lanza selling. Lanzas shares count for 30% of the selling up till the 31 of jan.

I could be wrong but we will not see the selling of settlement shares for at least another week.
The last thing that tells me I am right is that the new issued shares are a huge chunk of the O/S The owners can not just sell. They are technically insiders and SHOULD need to register the shares with the SEC and register to sell those shares as well.
That will take a while too.
I dont think the selling will hit until the middle of Feb

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