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.
Yahoo finance share Statistics
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You just won't quit, will you? Shallow scare tactics. This company is the real deal. All early stage companies have lock-up expirations. You tried the same thing back in October and lost your shirt shorting this year. Go somewhere else with your nonsense.