Its kinda funnyAll this talk about them keeping 4 million shares cause they couldnt transfer it.
THE FUND SAID IT ISNT SELLING THE STOCK
Might have been better to stick it all in. Guess what they could have sold the 4 million shares and taken cash. All the bashers seem quick to point out they were FORCED to keep the stock in fact THEY WERE NOT!!! They could have sold this stock for cash and didnt
Thats the facts. They stuck better management in, put the money in the a fund who will only sell a little when it hits $1.50 sold some to cover the tax switch and kept the remaining 4 million shares which they could have sold...AND DID NOT SELL!!!!!
Explanation click here
Press release on presentation and road show info