The lockup for employees/former employees was different here. Executives had the 6 month lockup. Former employees who bought options were not supposed to be subject to any lockup. And current employees had no lockup, I believe until the end of the year, and then a lockup would be in place until the first quarter results or something (not sure how how many weeks they have to sell before they can’t ahead of an earnings drop, but I read that in other coverage of this mess).

The issue isn’t about lockup, it’s about share conversion and the fact that the company hired to do it didn’t get anyone the right information — some people didn’t get information at all — and once employees did get the correct information, printer or not, they can’t get in touch with the company, can’t get questions answered, and even if they’ve submitted paperwork, still don’t have the ability to sell their shares five days in.

I agree the printer excuse is dumb. You can find a printer for something worth potentially thousands of dollars. But the core complaints are valid. And this isn’t about lockup. It’s about poorly done share conversions.