Today a new seller hit the Sharespost site, offering 5,500-20,000 shares for sale for only $4.97 a share.
For Oversee a sale of a block at shares at its former asking price of $7.35 would have meant according to Sharespost a valuation of over $1.1 Billion dollars for Oversee.net.
At the new asking price, Oversee.net would only have a valuation of $760 Million.
That’s a haircut of more than 25% in just 4 months.
Since our intial post in March several other blocks in Oversee.net have found their way onto Sharespost without any sales
Other blocks of shares of Oversee.net still for sale on Sharespost are at $7.35 a share, $6.15, $6.10, $5.95, and $5.30.
With this new offer to sell at $4.97 they’re are still are no buyers as of time of publication.
(you will have to sign up and qualify with Sharespost to see the actual offers to sell stock)