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Porter Laker

04/13/23 8:50 AM

#36 RE: Nickyyyy #35

When the company opens the shares up to sell, it can create chaos for the operation if it is done all at once. When we are able to sell, the shares will be allowed to be sold in a controlled setting IMO. This totally makes sense to me from an operational perspective.
Bullish
Bullish

fink

08/17/23 12:08 PM

#48 RE: Nickyyyy #35

I thought you have to request your restricted shares to be unlocked by sending a letter of approval to the BOD?

It's why the Float number is not just increased.
The Float increases as the T/A gets the approval notice from the BOD. A CEO gets to see who is a loyal investor or not. Sometimes converting is personal. It can get dicey with personal relations.

I could be wrong, but have had convo on this from other CEOs in the past.
You'd think your Broker would guide you through this. You know, those online guys that won't pick up a phone? And if they do, they don't even know what the BID/Ask is.