Micro Imaging Technology Inc (MMTC)

[Top Penny]

MMTC - With all due respect you obviously don't understand how stocks work if you think insiders weren't hurt by the reverse. Anthony M. Frank held a ton of shares prior to the split, he was hurt by the reverse like everybody else, yet he continues to buy shares today, there is something to be said for that. The same holds true for Greg Newhuis, his holdings were diminished by the reverse as well, yet he continues to buy shares in quantity today, once again there is something to be said for that. Insiders are not shielded or protected from reverse splits, their holdings suffer along with the rest of us. If you followed MMTC closely you would realize insiders have lost more than anyone else by far. Greg Newhuis has put over a million dollars into MMTC, so has Robert Pett. Anthony M. Frank has been investing in MMTC for YEARS. These are simple facts. So to your point, yes, insiders have lost more money than anyone else yet they continue to buy shares, they obviously believe that one day MMTC will reign supreme and their efforts will be rewarded one hundred fold. Insiders show more confidence in this than any outside investor/shareholder. The fact that insiders continue to buy like they do speaks volumes as to where this company is headed. Insiders are putting their money where their mouth is, its right there in the filings for all to see. Just look at all of Greg Newhuis's most recent insider buys, like I said before Greg Newhuis has over a million dollars invested in MMTC.