On PHCM--Read the annual report and financials out this evening, its filled with disclaimers and some negatives, AND it looks like lock up going to end pretty soon on this one like monday is the first day--If so its phone.carnage time . Some guy on another board summed up the end of the lock up well,, im posting here for your reading--
At the top of this document the date is march 29th...if you count the days from
march 29th to september 26th you will come up with 180 days. Meaning that
according to this document the end of the lockup is september 26th. Trade_inets
thinks that this document is old and therefore invalid, but I don't have any evidence
to prove that...its on the sec website...why would it be invalid? wouldn't they
replace it with the valid document?
Pursuant to certain "lock-up" agreements, all the executive officers,
directors and certain stockholders of Unwired Planet, who collectively hold an
aggregate of 26,474,055 these restricted securities, have agreed not to offer,
sell, contract to sell, grant any option to purchase or otherwise dispose of any
such shares for a period of 180 days from the date of this prospectus. We also
have entered into an agreement with the underwriters that we will not offer,
sell or otherwise dispose of common stock for a period of 180 days from the date
of this prospectus. However, Credit Suisse First Boston Corporation may in its
sole discretion, at any time without notice, release all or any portion of the
shares subject to lock-up agreements.
On the date of the expiration of the lock-up agreements, 18,111,259
restricted securities will be eligible for immediate sale (of which 11,768,289
shares will be subject to certain volume, manner of sale and other limitations
under Rule 144). The remaining 8,362,796 shares will be eligible for sale
pursuant to Rule 144 on the expiration of various one-year holding periods over
the six months following the expiration of the lock-up period |
