November 23, 2022 – Bill McClain, Editor of The Momentum Letter
This Week’s Vesting Schedule Share Unlocks
The available float in many microcap companies is kept artificially low during the few years after an IPO due to Lock-Up Agreements – also known as a Vesting Schedule. This can help the share price during the early days by structurally limiting supply on the sell-side of the market. But it can also put the brakes on momentum when shares are unlocked and new sell-side supply comes online.
The following 17 companies tracked in our database have unlocks in the next seven days:
Red Metal Resources Ltd (CSE: RMES)
Fathom Nickel Inc (CSE: FNI)
Sweet Earth Holdings Corp (CSE: SE)
Element Nutritional Sciences Inc (CSE: ELMT)
Boosh Plant-Based Brands Inc (CSE: VEGI)
ClearMind Medicine Inc (CSE: CMND) [also Nasdaq listed under the same ticker]
PR Technology Inc (CSE: PRTI)
Prospect Ridge Resources Corp (CSE: PRR)
EONX Technologies Inc (CSE: EONX)
Edgemont Gold Corp (CSE: EDGM)
Baden Resources Inc (CSE: BDN)
Advance United Holdings Inc (CSE: AUHI)
Red Light Holland Corp (CSE: TRIP)
Tripsitter Clinic Ltd (CSE: KETA)
RailTown AI Technologies Inc (CSE: RAIL)
Metal Energy Corp (TSXV: MERG)
Forty Pillars Mining Corp (CSE: PLLR)
Nine – that’s right, 9 – microcap companies tracked in our database are set to have their float increase by 5% or more in the next seven days.
The largest float increase in the coming week (that we’re aware of) is in shares of $RAIL – Railtown AI Technologies – whose float is set to increase by nearly 22% on November 29th.
The full preview of this week’s unlock data is available below.
Holders of these securities beware that new supply is coming online. Stay tuned for more share unlock updates.
Bill McClain – Editor of The Momentum Letter
About the author.
The Momentum Letter operates The Free Trade Report
With the dearth of easy-to-access data on company share lock-up agreements and dates, The Momentum Letter issues “The Free Trade Report” to members highlighting key share unlock dates for companies in the microcap and small cap space. To gain access to the “The Free Trade Report” database sign-up today.
Significant Past Unlocks in the last 90 days (6 of Many…)
| Ticker | Locked Shares | Unlock Date | Share Price on Unlock Date | Current Share Price | Return % Since Unlock Date | % Float Increase |
|---|---|---|---|---|---|---|
| GTTX | 6,066,308 | 03/30/2024 | 0.05 | 0.05 | 0 | 20.24 |
| BIOV | 36,783,334 | 05/02/2024 | 0 | 0.08 | 0 | 70.74 |
| STK | 5,200,000 | 02/15/2024 | 0.27 | 0.25 | -7.41 | 39.01 |
| WO | 3,210,000 | 04/23/2024 | 0.11 | 0.08 | -27.27 | 98.47 |
| HSLV | 4,882,727 | 02/17/2024 | 0.48 | 0.50 | 4.17 | 23.55 |
| HSLV | 30,000,000 | 02/24/2024 | 0 | 0.50 | 0 | 117.11 |
Get access to all past stock unlock data join the Free Trade Report (it’s free! )
Upcoming Unlocks in the next 90 days (6 of Many…)
| Ticker | Locked Shares | Unlock Date | Current Share Price | % Float Increase |
|---|---|---|---|---|
| GFCO | 9,028,010 | 05/08/2024 | 0.15 | 19.91 |
| ZOG | 12,726,749 | 07/16/2024 | 0.14 | 15.23 |
| PLNK | 2,243,424 | 07/02/2024 | 0.08 | 14.48 |
| MARY | 4,111,025 | 05/20/2024 | 0.01 | 10.51 |
| BIOV | 16,716,666 | 06/10/2024 | 0.08 | 18.83 |
| LEXT | 3,195,000 | 06/25/2024 | 0.07 | 10.66 |
Get access to all upcoming stock unlock data join the Free Trade Report (it’s free! )
Unlock your access to more companies and more tools by joining “The Free Trade Report”. The Momentum Letter will deliver weekly updates such as when new companies are added to the database, new unlock dates approach and recent market impacting unlocks along with other valuable information to your inbox. You can login here or visit the registration page to create your account. (it’s free!)
