Replies to post #15734 on Finjan Holdings Inc (FNJN)

[Det_Robert_Thorne]

If the author likes a low float ...

Then he must be ecstatic with the 1 for 12 reverse split that FNJN announced just a couple of days after he wrote his Seeking Alpha article.

BTW, the Lock-up agreement isn't that there won't be ANY release of shares by those major shareholders operating under it, but that their releases will be dependent upon certain conditions. Here's the paragraph he didn't include, that immediately follows the one he did:

Ten percent of each stockholder’s Lock-Up Shares will be automatically released from the restrictions set forth in the Lock-Up Agreements on the date the registration statement filed pursuant to the Registration Rights Agreement is declared effective and on each monthly anniversary of such date; provided, however, that until the six-month anniversary of the Reverse Merger, the release of the stockholder’s Lock-Up Shares will be suspended to the extent (but only to the extent) that the percentage of each stockholder’s Lock-Up Shares available for sale under the Lock-Up release provisions exceeds the percentage of shares issuable to Hudson Bay and Iroquois under the Exchange Agreement that are eligible for resale pursuant to an effective registration statement. In addition, notwithstanding the restrictions contained in the Lock-Up Agreements, stockholders party thereto are permitted to sell Lock-Up Shares to us, to affiliates of the selling stockholder, and to any party in open market sales at a per share sales price of $0.56 or above (subject to appropriate adjustment for any stock split, reclassification, recapitalization or other similar events). Lock-Up Shares sold in compliance with the Lock-Up Agreements will thereafter not be subject to the Lock-Up Agreement.

[kingsransome]

so are they still in pot biz,,mj stocks flyin...