First there was last week, on Aug. 16: 271 million shares held by early investors and directors who had participated in the IPO, excluding Zuckerberg.
Upcoming we have between Oct. 15 and Nov. 13 another 243 million shares and stock options held by directors and former or current employees, still excluding Zuckerberg.
Here's the next biggee--Nov. 14: 1.22 billion shares and stock options, of which the Zuck has about a third.
On Dec. 14 there are 149 million shares held by early investors or participants in the IPO, leave out Zuckerberg this time.
And last but not least May 18, 2013: 47 million shares held by the most screwed of all, last organization standing--Russian Internet company Mail.ru Group and DST Global, both of which made early investments in Facebook.
See you at $8 by November.
243 million betw 10/15 and nov 13...
nov 14th: 1.22 billion shares and stock options
wasn't one of these lockups moved forward? so employees could sell shares earlier?
you think they'll send FB gifts to each other w/ the proceeds?
Half of the 1,332 million shares which were supposed to open up on Nov.14th have been moved to Oct.29th. The other half belongs to Zuckerberg, and he has stated that he does not intend to sell his half for at least another year. In other words, during this month, FB will be hit with additional 800 million shares for trading. Even though Zucks shares will be included in the float, they will obviously not be traded. And then in December another 240 mill. shares will hit the market.
ANOTHER 23 MILLION SHARES WILL BE DUMPED ON THE MKT...MORE DILUTION
NOBODY remembers whether the share value contains or doesn't contain the 2 Billion extra shares at the first guestimate of stock price, which went from $28 a share to $38 on a whim.
NOBODY knows what the impact of QUADRUPLING shares does to stock value, at the beginning.
This "model" has sunk 50% all on its own failures to have a means of capitalization for FIVE years--it's all hope and speculation.
I don't care how you cut it, the reality is, insider sales tell you the direction.
I'll spot you half the original purchase price before the greed grab, of $28--it's still a $8 stock at SEVENTY PE.
This is not google, nor is it AMZN with cash flow and customers who pay money.