Post by
shawshank666 on Jul 25, 2024 3:19pm
insiders took some of the private placement
Besides the CEO taking 375,000 shares of the recent placement the Bernard family took 1,250,000 shares so that they now own 23,624,000 shares of MTB. I am seeing another 1,000,000 shares were took by W & S Bernard Investments LTD so that they now own 21,983,000 shares of MTB. Correct me if I am wrong but this is 45.6 million shares of MTB. If you add in Sigrid Bernards's 6.2 million shares you have 51.8 million shares held by the Bernard family. Can anybody confirm this? I also see Ross Beaty has 8 million shares and the CEO has 1.1 million shares. Another director Brown has 1 million shares. In the past Ed from Decade resources owned 4.9 million shares of MTB and Sprott had 4 million shares of MTB. You add up all the shares of these insiders and you get 70.8 million. That's out of the total shares outstanding of 120 million so there's only about 50 million shares left. It won't take much to get a big jump in share price like what happened last fall when this went from 9 cents to 18 cents on some news. Now all we need is some more decent news.