OTCPK:MAGTF - Post by User
Post by
88guy88on May 04, 2021 12:22pm
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Post# 33123894
About 80% is insider ownership
About 80% is insider ownershipbrought it to the market to generate appreciation in value by the retail investors.....insiders can only sell 30% of their shares after 6 months and I bet they are hoping that the small retail investor percentage of shares drives the price up and then the insiders will DUMP 30% of their position and then they can get out of the rest 70% about a year later
this is strictly to unlock value for the insiders.....they were growing organically and the purpose of the 6 million shares is just to inflate the price.....just my opinion.....good luck