To: Captain Jack who wrote (1404 ) 11/21/1999 10:11:00 PM From: C. McD Read Replies (1) | Respond to of 1570
You can e-mail or call transferonline.com (ask for Gina) and they will e-mail you the lock-up letter and form. You need to obtain certificates for your shares, and send the certs and the completed form to transferonline (not ANYI) by Tuesday, Nov. 30th, using registered or overnight mail (for verification purposes). It can take more than a week to obtain certs under normal circumstances, but some brokers can do it faster if you request it. My broker informed me that if I want to buy new shares as late as Nov. 29th, I can still send him the form and have the certs overnighted to transferonline by the 30th. Locking up certs means obtaining more than 68% more shares in a year, which could be especially lucrative given all of the potentially positive things that could happen with ANYI, after all of the negative things that happened first. It could also mean being helpless to get your $ back if you need it before then, but when you do cash out, it will at least be a longeterm capital gain. I wouldn't wait for the letter, some investors didn't receive the annual meeting proxy until after the meeting took place. Receiving mailings from your investment companies can be held up if your broker is not on the ball. My guess is that ANYI will make some serious moves this week due to some folks (and apparently ANYI insiders) buying up more shares to lock-up, plus some traders will come in after ANYI's >100% gain last week, and I wouldn't be surprised if some of the former ANYI shareholders who sold at prices much higher than $2 won't be tempted to get back in now that things are looking much better. I have a sneaky suspicion there are alot of folks out there that have been sitting on the sidelines just waiting for ANYI to demonstrate that it is stable, and last weeks steady rise is the best week ANYI has had since it began trading in July. Recall, early on most investors were expecting ANYI to trade over $20, but when the volumes and interest did not meet inflated expectations, investors dropped off one by one until ANYI dropped below $1 on speculation of management credibility and insider selling. IMO the improvements in management and the verification of insider stability (i.e., lock-up and insider buying) have given ANYI a whole new opportunity to reach a reasonable trading range of ~$10 within the next few months as they implement their new marketing plan, and eventually ANYI could get back around ~$20 perhaps by the time the lock-up expires next year. Lots of potential here for some big moves in the shorterm also as new investors could really reek havoc on the MMs small supply of ANYI's miniscule trading float. Bottomline, if you want to get in on the lock-up, better do it ASAP, or you may risk not being able to get your certs in time, and you may also end up paying twice as much for the shares you plan to lock up. I'm looking to lock up ~1/2 of my shares, but if the price soars over ~$5 over the next few days I may sell a portion of my shares, and lock up all of my remaining shares. I'll definitely have my certs ready to go by Wednesday. BTW - another plus is that since presumably very few investors held shares that were purchased at higher levels (most were free dividiend shares) down to the current level, there will be little if any tax loss selling that typically makes matters worse for downtroden stocks. In fact, some tax sellers of other stocks may find a nice opportunity in ANYI. Little selling motivation from here, but plenty of reasons to buy IMO. To me its hard to imagine a stock with more potential to gain 100-200% on very little volume over a very short time frame. If the volume gets serious, watch out $10....