How Much Insider Ownership?Does anyone how many shares are owned by insiders??? Please share if you do.
Just throwing this out there.... If you are managing a company with 3 potential licenses upcoming, buildings being completed (Approx 24,000 sq ft +) to start growing in 2 provinces, and 14 acres of potential land for expansion what is your goal?
I think with consolidation in the industry, and MMJ being a bit late to party, I think a possible goal of management would be to BE BOUGHT OUT by a big player in the industry.
With everything Matica has going for it, would it not make sense to sell out to a big player like WEED, APH, or ACB??? Matica has an market Cap less than $20 Million.
Big fish eat little fish.
IMO, at 10 cents per share, I think this is a good candidate for a take over. If insider ownership is strong, they get a payday along with shareholders.
Disclosure: I am long MMJ and will hold my shares for license approval. IMO, that is the catalyst to take this to next step.
Be patient and good luck to all longs!
FI4