The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really.
Would suggest you read the prospectus - he can't just dump them at a low price.
LOL, maybe YOU should read the prospectus yourself again and show me where it states he cannot dump more shares on market
In the contract on MPEX the only thing what somehow hinders selling more shares is the 30 day period after IPO shares are sold which AFAIK is over.
You don't know much then, can even read a simple price chart. IPO shares sold out Jan. 5th 2013.
Read the text.
"The representatives of SatoshiDice warrant that no further shares will be offered by them for a period of 30 days from the date these offered shares are sold."
Does it say "from the date the shares are offered?" No, its says from "from the date these offered shares are sold."
