GREY:MPRXF - Post by User
Comment by
hrattleon Feb 28, 2012 2:38pm
142 Views
Post# 19599666
RE: RE: Huge insider buys the last few days
RE: RE: Huge insider buys the last few days Interesting that they chose to buy in the market rather than exercise the warrants - admittedly the warrants would have cost them an extra $40K but on a $410K investment that is not out of the question. So they chose to prop up the market price rather than add funds to the company - why would they do that?
Regardless an insider investment of this size is a huge positive. If the PP wasn't hanging over this stock I would reinvest - the sooner they get this out of the way the better - MGP won't go anywhere (but drift down) whilst this is outstanding.