Mucho,AVNX unlock dates are clearly posted
unlockdates.com
forgive me if I'm reading this wrong but it looks as though the lockup expiration is 93 days away. Is there something I'm missing here?
Avanex Corp (AVNX)
Ticker Cusip Exchange Offering Date Offering Price Current AVNX 05348W109 NASDAQ 02/03/2000 $36.00 $121.88
Deal Size Amount Raised Over Allotment Market Cap (MM) State of Inc.
6,000,000 $216,000,000 900,000 $ 7,621 CA
Unlock Date 08/01/00 02/02/01
Shares Eligible for Sale: 46,129,693 769,230
As a % of Outstanding 73.8% 1.2%
As a % of Float at IPO 768.83 % 12.82 %
Unlock Ratio 46.6 0.8
Quiet Period Ends: 02/28/00
Days to Quiet Period End: 0
Days to Next Unlock: 93
Shares Outstanding 62,529,000
Authorized Shares-Common 300,000,000
Authorized Shares-Preferred 10,000,000
Avg. Daily Volume 989,031
Name Shares Options Warrants
JAFCO Ltd 8,689,310 0 0
Cao (Simon) 3,608,226 0 0
Jiang (Paul) 2,160,000 0 0
Mayfield Fund 5,269,427 0 0
Sequoia Capital 10,094,490 0 0
Alessandrini (Walter) 5,711,648 0 0
CROSSPOINT VENTURE PARTN 10,094,490 0 0
Lead Underwriters
Lehman Brothers Morgan Stanley Dean Witter
Co Underwriters
Robertson Stephens U.S. Bancorp Piper Jaffrey
Muncho, indulge me for a moment and lets compare QXLC, TOM BOCK recommends it on 4/6/2000 $1000.00 price target based on pre-split pricing,(post-split should have announced $333.00) Bock released his report (without editing) on post-split date QXLC opened $22.75 post-split,with premarket run up QXLC flew to $80.00, official high of the day I believe was $117.00 until the real news was out 24 month target price was estimated by an ex-cable installer. SG Cowen IMHO used him as a fall guy to run the price up. QXLC unlock date was 4/11/2000 and SG COWEN is IPO underwriter. Now this is suspect!!!
6 days from unlock I would agree with but 93 days in this volatile market means nothing.
Kimberly
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