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Re: GuyG post# 51893

Tuesday, 06/12/2012 10:44:17 AM

Tuesday, June 12, 2012 10:44:17 AM

Post# of 160012
So, correct, they are restricted shares and it won't dilute existing shares at all which is amazing and somewhat unheard-of in penny land. Just another reason Steve Samblis kicks ass.

But I don't see them selling at all...
Steve said that he is bringing the CEO of PunchTV on as his Number 2. It will be his responsibility to run the television side of the company and Steve will focus on what he's doing now.

So they are basically merging and continuing the growth of their business as one entity, one company, under IC Places, so I don't think anybody is going to sell, and not for awhile. And when the shares become unrestricted, it's not like they will dump their entire position. The insiders will probably sell some to pay their salaries, but they are running this company, so it's in their best interest to hold shares and develop the company into a 9 figure a year company.