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Re: None

Friday, 05/29/2015 10:31:49 AM

Friday, May 29, 2015 10:31:49 AM

Post# of 123645
The dumping continues. Looks like $.0004 is the new price level for MRIB. $.0003 is right around the corner. The metering of the sales tells me it's an insider and not a financing source. Toxic financiers unload as soon as they can at whatever they can get. With no new issues it seems it would have to be someone sitting on a large amount of shares who couldn't or wouldn't do such. So who couldn't? Well Margrit is the best bet. We know she had some kind of sweetheart deal and got 7 million preferred shares with her brother a year and a half ago. I'm wondering what the terms were.

Just hypothetically, if those shares converted to common restricted after a year with a minimum safe harbor of six months they would start hitting the market in... uh... March-April 2015. Just about when this selling trend started. And the dumping has just been too darn consistent to be existing commoners getting out. It's been a systematic dump and at levels that tell us the stock was acquired for little to no cost basis. Can't see it being anyone else but Margrit or an affiliate or control interest. Anybody else have any logical answers?