1.32 Billion shares will be freed after the Nov 14 lockup.... To put that in perspective, only 271 million shares were freed this time around... The next lock up will free more than 4 times that amount. This shit is a joke... It's like watching a bad movie, and you know the ending. Facebook is going to be in single digits before it every hits $40 again.
Currently with the 271, there is a total of 692 millions shares outstanding... And in nov the will flood it with an additiona 1.32 Billion shares. That a little less than double the current outstanding stocks...
Anybody with a half a brain will tell you that if you increase the supply of a product by 66%, without any signs of increase in demand, the price is going to drop, period. Using logic, people should see at minimum a 33% drop in price the first day, but that's using logic, I doubt that will happen, but things always even out in the end.
On Nov 15, the outstanding shares will go from 692 million to 2.012 BILLION.... This shit is a fiasco... It would be wise to short that stock 2 weeks before that date... Wall Street got greedy on this one, and thought that the average investor is either retarded, or stupid.
Good luck bros.
