TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Oct 31, 2021 2:59am
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Post# 34070093
RE:Impressive Insider Buying over the last Ten Days...
RE:Impressive Insider Buying over the last Ten Days...
I think there may be some smart strategy here and I want keep seeing executed if what I feel is going on. One of the last news release was a grant of options at an exercisable price of.25 which I found a bit curious in that when I talked to ir he said exercising anything at the current market level wouldn't be viable as the gains would be little if at all there was no benefit to doing so. Ir further stated the company will have enough monies to sustain operations so as not to need to do any financing yet not too long after there came the grant of options exercisable at .25 good for 5 years so if we are seeing the insiders buying under .25 and giving share value support it may be possible that they are buying up shares so as they rise they will cash them out and don't need to worry because they may have accounted for them and strategically do it to have monies to fund other things or as a cushion as the options continue to be exercised. It is quite possible that as a poster stated that perhaps this is signaling contracts coming which would make sense as if that is the case the share values should rise as they have and to keep the value from collapsing below a quarter those exercisable options are creating a floor. Quite honestly folks we still know regardless of when contracts do come this remains severely undervalued and be it manipulation down or not the proper share value has to come and these need to go back way up. Now while there hasn't been a share buy back which when ir explained it to me and I ran the numbers it wouldn't have worked who knows maybe with the grant of options exercisable at .25 for a period of 5 years and constant insider buying in the open market may work to bring these up to at least a quarter and with further contracts and more eyes and people being aware of this story and who like it more shares get absorbed and more keep selling churning through dumpers hands to those who hold longer term which helps the longer term share values and appreciation. Whatever is going on strategy or not good to see the insiders buying and the shares at least starting to not only have bottomed but moving off of it. .19/.195 was and is garbage but definitely way better relatively speaking if it broke below it. And while .20 to .22 is still garbage it is better than .19 and .195. I will put it point blank anything less than $1.17 is garbage but smells less and less as it keeps moving up and both rightly and deservingly so. I have moved all that I was thinking although as I said I would have preferred way better and justified share prices but I didn't and ok with the move. Time for this to stop getting screwed and go up way up the way it is properly reflected in the share value.