RE:RE:RE:RE:RE:Big sell off on Emblem shares Monday morning . PruneFace wrote:
TheInsider....."I also own a pile of $.50 and $.75 cent pre-IPO paper with warrants... you can bury me with those." .........................It is my understanding that those 37.3 million founders, management and early investor shares become free trading June 6/17. There are also 52.3 million options and warrants from the various placements still in escrow and when they are let loose I don't know. The SP will be under pressure for some time IMO.
Your numbers are off, there's not that many, but yes founders paper comes off hold in June.
But you'd be on drugs to think they'd let go at $2.50.
The quick easy money was made by the guys who owned the shell paper from Sabre, and the SFOD paper from $1.15.
The stock will "fill" its valuation by the Summer, as 11,000KG's of production comes online by the Fall.
The bottom is coming now, as "not so important" money took the $1.15 money and tookt the easy double, and will ride the warrants.
I want more out of this.So much more.