The release from voluntary escrow of the 243 million locked up IPO shares should be a positive. Potentially means more tradeable stock to attract bigger investors, drive demand and improve liquidity. On the other hand given none of the pre-IPO shareholders (First Reserve, Ray Munro etc) sold down any shares during the IPO at $1.63, it’s hard to see them wanting to trade any stock at these levels, so I wold be expecting a strong push for some significant share price momentum.
CGH Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
