GREY:AUAYF - Post by User
Post by
maxncompanyon Mar 11, 2005 5:05pm
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Post# 8739022
April
AprilNeedn't worry about major selling after lockup period over. That selling has already been going on for some time. No, the financiers did not sell the locked up shares, but they have been selling AUA short to lock in profits, and still have the warrants. When the lockup period is over they will then give the locked up shares to the broker they borrowed the shorted shares from to cover their short. This is why the share price has been hurt the last several weeks. IMO, the end of the lockup period is nothing to fear.