Mega Precious Metals Inc MPRXF

Huge insider buys the last few days

[threepalms]

1.2 million shares bought buy Sheldon since the 24th.

What this company could potentially achieve this year is beyond the belief level of most I suspect.

[lazyinvestor]

You mean 600k not 1.2mm

[Dano6]

It seem that this guy is really in the loop, must know much more than the rest. He must be pi$$ that he lost those 600000 warrant.

[rrodda]

Looks to me like propping up the stock for further financing.

[threepalms]

600K for Sheldon and 600K for Pinetree toal 1.2 million

[threepalms]

I know that we should follow his lead. All three projects could reach significant milestones in the coming months.imho

[lazyinvestor]

No not 600k for each. He has to file twice because of indirect ownership.  There wasn't even 1.2mm shares traded on those days.

[hrattle]

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

[threepalms]

Thanks for that info. I never knew that...filling both for Pinetree and himself is a requirement.