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Sparks100

06/25/12 1:18 AM

#20745 RE: Valiant #20741

My guess is that they will not be restricted, as restricted shares must by held for at least 6 months. However, you are correct in that NIR funds will be a major owner, and will not be able to dump the shares all at once, but will only be able to sell off a small percentage each trading day, or as much as the market will bear, which ever is less.