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jimmenknee

04/12/12 10:41 AM

#176737 RE: dreaminbig #176688

Yes but the difference between a true IPO and JBI-DE's original S-1 filing is that an IPO "lock up" requirement is only 90 days. Most are for longer and Keating Capital states they do a normal 6 month lock up.

Both the "lock up" and "restriction" periods are a part of 144 and are IMO important dates to consider.

When JBI-NV's restriction ended "investors" sold to recoup/realize profit, but a conspiratorial "bear raid" took the blame. This happens to thinly traded OTC stocks because there isn't enough volume to absorb all the shares and some want (desperately) for shareholders to hold through the selling period for fear that "piling on" would add fuel to the selling fire...

... if one has e.g. 100k block of shares to sell, one doesn't want too many others selling when the avg daily trading volume is close or equal to his/her holding as it results in a share supply surplus on top of the surplus one already would be offering.