Hi ET, Re: "redistribution" of the shares..................
It appears that this is in reality an orderly way to redistribute a large single position to the general market. If those same shares had been pieced out over a period of weeks or even months it could have affected the stock price much like a group putting forth a concerted effort to short the stock. In other words, it would overload the supply side when demand is already pretty well defined.
So, by the company helping with the redistribution of the shares it should be more orderly - even in the face of a larger than 8% loss on the day currently showing. The people selling should have a base cost of between $1 and $2 per share if one looks back to 2001 as the year they got involved.
This brings to mind a conversation I had with my brother going back to the late '80s about stock price movement. He used to refer to "strong" and "weak hands" holding stock. This group now selling has been in the strong hands category for 6 years. Once redistributed, the shares may move to what would be classified as weaker hands if it's disbursed to the open market. The underwriter may be able to place larger blocks of the shares with mutual funds or other stronger hands which will have less effect on the daily trading.
Since AIM welcomes some volatility, this should be an "okay" event in either case.
Best regards, Tom
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