While I do not currently own this stock, I think that NESY has held up rather well. The company went public in early March and the lock-up is for a 180 day period. From the S-1:
sec.gov
"NEON's stockholders and option holders have agreed not to sell, offer for sale, or otherwise dispose of any NEON common stock for a period of 180 days from the date of this prospectus without the prior written consent of Donaldson, Lufkin & Jenrette Securities Corporation. In addition, during the 180-day period, NEON has agreed not to file any registration statement with respect to its common stock or any securities convertible into or exercisable or exchangeable for common stock without the prior written consent of Donaldson, Lufkin & Jenrette Securities Corporation. Beginning 180 days after the date of this prospectus, 5,682,166 of the restricted shares will become available for sale in the public market, subject to the volume and other limitations of Rule 144. JMI Equity Fund and Mr. Schaeffer have certain rights to have 4,795,000 shares registered in the future under the Securities Act pursuant to the terms of an agreement with NEON. See "Description of Capital Stock--Registration Rights." |
