Not exactly sure what you're asking - but the company listed exactly 12 months ago. These shares were under mandatory escrow for a year. From memory - there is a few shareholders (David Williams inc) that were able to get a portion into only 12 months escrow.
I've suspected DW has recovered almost all the original money that he put in to the company pre-ipo through fees and free shares through convertibles. I reckon he could sell his shares down (even with a declining share price) and net a positive profit. In fact, if I wasn't so impressed with his ruthless deals with this company - I'd would probably suggest that he could have the founders in a Ramsay Bolton style dungeon whipping the last remaining equity out of them. haha.
I suspect that a float was the only way out for him and his mates. I can't think of any other reason why you would float a company with such terrible revenue vs investment history.
Long story short - would not surprise me if he starts selling this packet of shares down on Friday.
FLX Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
