InvestorsHub Logo
Followers 470
Posts 23581
Boards Moderated 0
Alias Born 02/05/2004

Re: Steve White post# 11340

Monday, 12/31/2012 10:00:40 AM

Monday, December 31, 2012 10:00:40 AM

Post# of 99019
Steven, the 600,000 unrestricted (but limited sale) shares are actually held by the originating IPO firm for DNYS from way back in early 2010. According to PF, this firm is well off financially and are not interested in selling any of them at this time. They had plenty of opportunities to do so in DNYS's past and even more so with the recent RM. However, I've been informed that they are holding on to them - as I'm assuming they see some margin of opportunity/profit for a higher sale price - dunno for sure, but that is what PM had indicated to me...and I hold PM as a stand-up guy...