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Clearsign Combustion Corp. Message Board

  • matt.berry01 matt.berry01 Apr 11, 2013 2:54 PM Flag

    3,167,761 shares in lock-up agreements expire April 24

    Where and when do long promoters mention lock up expiration?
     
    “3,167,761 shares of common stock continue to be subject to lock-up agreements which will expire on April 24, 2013” $CLIR SEC 10-K

    ********  
    Shares eligible for future sale may adversely affect the market.
     
    In conjunction with the initial public offering of our common stock, substantially all of our shareholders signed "lock-up" agreements. As of the date of this report, 3,167,761 shares of common stock continue to be subject to lock-up agreements which will expire on April 24, 2013. These include 2,380,863 shares owned by our officers, directors, certain of our employees, and trusts established for the benefit of the children of one of our officers, and 786,898 shares owned by MDB Capital Group LLC, its officers, directors, associates, and certain employees. Following the expiration of the lock-up agreements, all of these shares will be eligible for sale by means of ordinary brokerage transactions in the open market pursuant to Rule 144 promulgated under the Securities Act, subject to certain limitations. Furthermore, there are an additional 13,500 shares of common stock that will become eligible for sale pursuant to Rule 144 in 2013. Any substantial sale of our common stock pursuant to Rule 144 may have a material adverse effect on the market price of our common stock.
    **********


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    Yahoo finance share Statistics

    Avg Vol (3 month)3:
    94,648
    Avg Vol (10 day)3:
    243,975
    Shares Outstanding5:
    8.78M
    Float:
    6.66M
    % Held by Insiders1:
    24.37%
    % Held by Institutions1:
    4.10%
    Shares Short (as of Mar 15, 2013)3:
    157.25K
    Short Ratio (as of Mar 15, 2013)3:
    1.20
    Short % of Float (as of Mar 15, 2013)3:
    3.00%
    Shares Short (prior month)3:
    160.75K

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CLIR
8.42-0.08(-0.94%)4:00 PMEDT

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