ThermaCell Technologies (VCLL) Message Board

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Non-Tech : ThermaCell Technologies (VCLL)

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To: Joe Griffin who wrote (68)	9/3/1998 9:40:00 AM
From: Joe Griffin	Read Replies (1) of 164

To All: As one of the original investors at the IPO who had notes converted to stock, we were forced by Monroe Securities to abide by a restriction that we not sell our stock for a period of at least 2 years (March 14, 1999). The restriction was printed on the back of the stock certificate. Yesterday, I received a call from my stockbroker saying that this restriction had been removed by the company and that we are now free to sell our shares on the open market. There were 1,375,000 shares issued at the IPO. THese shares will now come on to the market for trading. Because of the low stock price, one would expect the stock to drop due to the greater supply UNLESS there is something else in the offing which could increase demand for these shares. Only time will tell. By the way, all of the original investors who held VCLL have watched our investment decline since the Note conversion price was $1.72/share. We are not a happy people today, but we have hopes for the future. It has been a rough ride down. Good Luck to all VCLL investors.

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