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Wednesday, July 25, 2012 6:29:45 PM
A person with restrictive shares has a set amount, so there is no incentive to short or push the price down... a big plus when compared to CD shares. He said he can't control when a holder choose to do a 144 and sell his shares when they come off restriction. Indeed, I agree, but I told him the seller needs to get a clue as he/she is too aggressive on the ask (namely putting too many shares for sale relative to the volume). I saw 3 separate 4 million ask sizes put up today (each were taken out), but the buyers did become exhausted and tapered off hitting the ask as the day wore on. Anyway, I asked if the selling was close to wrapping up and he did say that he doesn't foresee that there could be much left and again no Cd's are due to be sold into the market right now.
I informed him that EVPH made a new low yesterday in the trip 7's (well more so trip 8, as the 7's were a paint job), but breaching the .001 did not bode well. He stated that he was busy creating revenue for the company and wasn't focused on the market price, but agreed that the new lows were disappointing. I stated that shareholders will take their leave (a lot have already) if he seller doesn't ease off. Although he stated that most of it was done and also added that he would report my concerns to the board. He did add that everything is beginning to line up for the company (good to hear), but like I told him, things also need to line up via the share price and he concurred.
Anyway, just sharing with the board...GLTA
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