Replies to post #349 on Fusion-IO (FIO)

[adeezl]

I didn't blow my $ on cheap women and booze after college. :P

Really, I toss techs out the window with the global situation. We're at the whim of what's to come. That's the name of the game now imo.

On the other hand, the products this company produces are only going to grow in demand as the days/months/years progress. That's a fact, physical platter HDD's will be toast, done, gone.

Investment boards/posters mean very little that's for sure. They are definitely not the deep pockets that actually move stocks.

FPO - take it as you wish. That may have contributed a small amount, but this sub $30 is definitely the global system imo. We also know there are folks just dieing to try to short this. I'll continue to buy sub $30.

NASDAQ taking a huge beating right now, all techs are dropping like flies. FIO is one of many.

[LeGoose]

a_r,

Be careful the next few weeks. While the O/S only went up about 10% or so, the trading float can triple in the next few weeks (and then quadruple from there starting Feb 2012).

I noticed a bunch of Form 4s just got filed. Insiders started selling yesterday (about 2mil shares). Their lockup period isn't over yet so I'm not sure how they were able to do this. Most of these insider shares were bought at $0.65 through options conversion. That's some nice profits right there for these guys.

On 12/6/2011 there are 8.75mm shares coming off restriction (and can be sold into the market)

On 12/19/2011 there are 11.27mm shares coming off restriction.

There are currently 12.3mm shares in the publicly traded float. There are an additional 71mm shares outstanding that are coming off restriction in the next 3 months.

LNKD just went through the same 180 lock-up expiration (11/14/2011) and the price tanked.


Any comments would be appreciated.


From the S1 Amended Registration Statement:

SHARES ELIGIBLE FOR FUTURE SALE

Future sales of substantial amounts of shares of common stock, including shares issued upon the exercise of outstanding options, in the public market after this offering, or the possibility of these sales occurring, could adversely affect the prevailing market price for our common stock or impair our ability to raise equity capital.

Upon the completion of this offering, a total of 86,276,674 shares of common stock will be outstanding, based on the number of shares outstanding on September 30, 2011. Of these shares, all 14,145,000 shares of common stock sold in our initial public offering, plus the shares of common stock to be sold in this offering, plus any shares sold upon exercise of the underwriters’ option to purchase 1,326,560 additional shares, will be freely tradable in the public market, except that any shares held by our affiliates, as that term is defined in Rule 144 under the Securities Act, will only be able to be sold in compliance with the limitations described below.

After giving effect to the exercise of options and the sale of shares by the selling stockholders in connection with this offering, 63,735,540 of these shares will be “restricted securities”, as that term is defined in Rule 144 under the Securities Act. These restricted securities are eligible for public sale only if they are registered under the Securities Act or if they qualify for an exemption from registration under Rules 144 or 701 under the Securities Act, which are summarized below.
Subject to the provisions of Rules 144 or 701 under the Securities Act, these restricted securities will be available for sale in the public market as follows:

• no restricted shares will be eligible for sale in the public market immediately upon completion of this offering;

• approximately 8,746,629 shares will be eligible for sale upon expiration of the lock-up agreements for our initial public offering, as described below, at various times beginning on or about December 6, 2011, subject to extension under certain circumstances;

• approximately 11,271,264 shares will be eligible for sale upon expiration of the lock-up agreements for this offering, as described below, at various times beginning on December 19, 2011, subject to extensions as described under the heading “Underwriting”;

• approximately 804,799 shares issued in connection with our acquisition of IO Turbine will be eligible for sale at various times beginning on February 11, 2012; and


• approximately 43,416,098 shares (including 1,186,976 shares issued in connection with our acquisition of IO Turbine) will be eligible for sale upon expiration of the lock-up agreements for this offering, as described below, at various times beginning on February 15, 2012 (of which up to 150,000 shares may be transferred at any time without restriction pursuant to the lock-up agreements in connection with charitable donations), subject to extensions as described under the heading “Underwriting.”

The foregoing share numbers were calculated based on the shares outstanding as of September 30, 2011. In addition, our Insider Trading Policy provides that directors, officers and certain other insiders will be prohibited from affecting transactions in our securities from December 16, 2011 until the date that is two business days following the announcement of our financial results from the quarter ended December 31, 2011.