The selling is probably from non-escrowed stock. If that's the case, then it's an alarm bell in terms of the register. Loose registers full of non-believers makes it very tough to gain SP traction. Also, where's the so-called "huge demand"? If there were genuine over-subscriptions, then those people who were cut back would be in there buying at sub IPO prices.
The selling is probably from non-escrowed stock. If that's the...
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