The lockup period should expire on or about September 21, 1999. Given the recurring takeover rumors, any significant selling pressure may present a buying opportunity. From page 61 of the prospectus:
sec.gov
...8,611,781 shares of common stock will be deemed "restricted securities" that may be sold in the public market only if registered or if they qualify for an exemption from registration under Rules 144, 144(k) or 701 promulgated under the Securities Act. These rules are summarized below.
Subject to the lock-up agreements described below and the provisions of Rules 144, 144(k) and 701, additional shares will be available for sale in the public market as follows:
3,128 After the date of this prospectus
24,442 Upon the filing of a registration statement to register for resale shares of common stock issuable upon the exercise of options granted under MiningCo's stock option plan
5,075,537 After 180 days from the date of this prospectus (subject, in some cases, to volume limitations)
3,508,674 At various times after 180 days from the date of this prospectus |
