I think he’s not able to sell the stock for 90 days or something like that. I do think, however, that he will use other means to post the bond tomorrow.
He is not able to sell it to sell it, but he might be able to use it to secure a loan that would provide the bond. Whether he would or not I don’t know. That’s the question I’m posing to the other people on this forum.
I heard the board can waver the 90 day rule.
The board can and will waive the rule.
He wont sell any but he should be able to borrow against the shares.
He’s in a 6 month lockup for selling but I don’t think he’ll even sell after that. The lockup currently including borrowing against the value of the stock but the board ‘may’ lift that prohibition.
My 2c theory is that he doesn’t do ANYTHING on the bond and leaves it to the Letyrant to try to take possession of his property. It will backfire on them to the nth degree.
its 45 days
6 months and he can’t use it as collateral for a loan either.