Do you agree that Cyclone has and is issuing restricted shares under rule 144 and that by knowing when those restricted shares were issued you can predict (without certainty ) when the restricted shares will/may reach the market and affect the share price?
The restriction is that the shares cannot be sold for 1 year, (or is it six months?). I watch the trading very closely, and it is my opinion that as the restrictions are being lifted some of the shares are appearing on the market.
On December 6, 2007, the SEC published final rules revising Rule 144 under the Securities Act of 1933, which regulates the resale of restricted securities and securities held by affiliates. The amendments to Rule 144, among other things:
Shorten the holding period for affiliate and non-affiliate holders of restricted securities of SEC-reporting companies to six months, subject to certain conditions.