NTO nitro software limited
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Ann: Release of Shares Subject To Voluntary Escrow, page-4

  1. jaluma
    4,366 Posts.
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    08/09/20
    22:28
    Post #: 47188657
    It literally says it in the announcement.
    If these shares are released early, they will sell 33% of them.
    With 17m released, that is about 5.5m shares to be sold, which will weigh on the share price for a while given limited volume.
    Only going to be worse if NASDAQ keeps going down.
    NTO Price at posting: $2.16 Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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