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  • balegoba1966 balegoba1966 Jan 27, 2012 3:49 PM Flag

    44.5 million lockup expiration

    If there are large institutions waiting to get big positions in FIO, the lock-up expiry will be absorbed. If the price action is smooth at expiry, and lots of shares trade, that would indicate heavy institutional position taking. The lock up expiry does not automatically mean the price tanks. It means FIO needs to hit the roadshow trail and get interest high among institutional buyers.