Mart Resources Inc MAUXF

Question on Large Funds

[Vanboarder]

I have seen it stated by several people that large funds are not buying large amounts after the most recent road show by Wade.

Correct me if I'm wrong but I'm thinking there's likely at least  2 reasons (maybe more) for this.

 

1. We're on the venture and some large funds possibly have a mandate to not but venture listed companies...period.

2. I've heard that a lot of funds can't buy companies that are essentially penny stocks. I've heard the number is $2 dollars minimun.

 

Can some of you please comment on this? Is this take incorrect?

 

BTW- I hold all my MMT in my TFSA so I'm all over the divy. I also agree with a share buyback being almost useless. We all know we're way undervalued and a few million less shares certainly won't change that IMO. Cash rules!!!!