We don't know precisely which stockholders are subject to lock-up agreements, because the individual agreements are not included but only referred to collectively.
"Lock-up Agreements. The “lock-up” agreements, each substantially in the form of Exhibit B hereto, between the Placement Agent, the Company and certain shareholders, officers and directors of the Company relating to sales and certain other dispositions of shares of the Company’s capital stock or certain other securities, delivered to the Placement Agent on or before the date hereof, shall be full force and effect on the Closing Date." - Exhibit 10.1, Placement Agency Agreement, paragraph 7(l).
You're losing your touch. I got more thumbs down on Friday for pointing out the closing date was on or about March 11.
Could market expectations of the crude-by-rail phenomenon waning, after floating TSO's boat the past few years, be at play? Or is it a matter of overpromising and underdelivering at Carson?
Have you not seen reports that Putin has an ace up his sleeve in the European natural gas poker game? Gazprom will lower prices until America's exports to Europe are not competitive.
A gambler's mentality is required to work for a small independent in the oil patch. The fact you asked suggests you may be more comfortable working for a larger company. Certainly would be rolling the dice to join in the midst of a top management change. Depends on what you have to lose.
Would you be so courteous as to direct me to your source indicating investors are subject to a 180-day lock-up? References I can find in related SEC filings indicate only the warrants and underlying shares paid to Brean Capital are subject to such a lock-up period (Forms 424B4 and S-1, Plan of Distribution, page 69).
Form 424B4 filed today states, "The delivery of the shares and warrants is expected to be made on or about March 11, 2014," but you obviously think the shares already have been delivered. Just based on the trading volume today?
Thought about it but decided to wait after the share price broke $0.23, then $0.22. Will think about it again next week. May be looking at teens if trading volume persists ahead of a catalyst.
I would be interested in knowing the identity of the institutional investors. Anyone have a line on that information?
All shares and warrants are affected in a reverse split. Given CTSO's objective of uplisting is to attract additional investors, you can bet an equity raise would follow a reverse split..
Comments directed to the president don't count. There are two ways to submit comments: online at regulations.gov or by mail sent to:
U.S. Department of State
Bureau of Energy Resources, Room 4843
Attn: Keystone XL Public Comments
2201 C Street, NW
Washington, DC 20520
Float has traded almost 2X today. I would have taken it all off the table ... if I owned shares. FIO has AAPL as a customer and crashed when AAPL cut back spending, as did NATI.
That's okay, I got the message. The j/k at the end of the sentence means "just kidding", and you are right that ah673000 called a trading range with a bias on the downside. Today, however, he seems to want to hold, and as VLO rises toward $53, he seems to be right.
You must open the webcast but can mute the discussion if you only want to view the slides.