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RVBD » Topics » Future sales of shares by existing stockholders could cause our stock price to decline.This excerpt taken from the RVBD 10-Q filed Oct 31, 2006. Future sales of shares by existing stockholders could cause our stock price to decline. If our existing stockholders sell, or indicate an intention to sell, substantial amounts of our common stock in the public market after the contractual lock-up period required as part of our IPO expires and other resale restrictions lapse, the trading price of our common stock could decline. As of September 30, 2006, 66,072,348 shares of common stock were outstanding. After the lock-up agreements required as part of our IPO expire on March 19, 2007, or such shorter or longer period as discussed in the final prospectus relating to our IPO, up to an additional 55,963,701 shares will be eligible for sale in the public market, 47,483,051 of which are held by directors, executive officers and other affiliates and will be subject to volume limitations under Rule 144 under the Securities Act and, in certain cases, various vesting agreements. See “Shares Eligible for Future Sale” on pages 86 through 88 of the final prospectus for more information about the lock-up agreements and resale restrictions of our common stock. |
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