OTCPK:SWSH - Post by User
Comment by
OptsyEagleon Feb 13, 2011 8:44am
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Post# 18124825
RE: Why I Will Not Sell My Shares - Monday
RE: Why I Will Not Sell My Shares - MondayThe main people who will sell their shares are the people recieving the 12 million new ones. They will sell the ones they own at the higher prices and replace themt with new ones at the lower prices. They will keep selling until the benefit of doing this is removed and that is when the share price is much closer to $4.75. If you owned shares at $5.90 and someone offered to sell you more at $4.75, you would be an idiot to turn them down when you can just switch them on Monday and book your profits. 12 million shares can unfortuneately create a lot of selling.
This is pretty irresponsible of Swisher Management. Either they don't know this or they don't care.