RE: Update
Some clarification on above:
I am not management but know who holds close to 50% of the private placement shares and it is not management. Also know none of those shares were sold in the past 2 days, especially with the recent joint ventures annonced and the new director announcment but there was some profit taking on other cheaply acquired shares over the past month. Management did take part in both private placements but there were not the largest participants.
Ex owner should read ex director / Chairman of MPE who was the owner of NAH Development
https://www.nahdg.com/-c-22/group-introduction.html As he is no longer an insdier he does not need to report his holdings any longer but under 2 million shares are not under escrow any longer but could still be tied up in courts.
Ironically he bought close to 900,000 shares at clsoe to a $1 a piece on top of come cheaper shares and options he got.
Also keep in mind that the shares have traded from .08-.14 over the past year and there will be profit taking for the investors that saw the potential to buy shares 50-100% less than todays price. Also there have been a number of MOUs in the past thatt have not lived up to expectations for various reasons, which is why some investors are willing to sell out with this added liquidity. Going forward though with this new director on board and his background I would not be bettting against MPE over the next 6-18 months.
If you are buying this stock hoping it will go up 200% in a week, you may be dissapointed as others have mentioned it may take af million or 2 more shares trading in the .17-.21 range to start the upwards move. The good news is 2 million sharres traded over teh past 2 days so hopefully if the volume can keep up this week and part of next week then you will start seeing some great progress.
GLTA