InvestorsHub Logo
Followers 7
Posts 1354
Boards Moderated 0
Alias Born 11/12/2017

Re: None

Sunday, 06/24/2018 8:51:02 PM

Sunday, June 24, 2018 8:51:02 PM

Post# of 3433
I read an article that stated that about 57% of the shares are held by insiders at under 2 cents. When they initially bought out Wheaton Metals? Not sure if some of those shares were sold and profit taken, but at one point it was said that 57% of the shares were held by select insiders. Rifici and whomever else I would imagine. But I can also see where they would want to lock down the ownership of the company and what they have done here. They pretty much bought out a company, renamed, and then renamed a 2nd time as far as I know. I really dont know what to think about this one. I never did increase my position all the way to 10, but I did pick up some more. If they are legitimate, and they execute their plans and strategy they will be profitable. Who knows what could come down the road. I just think it is a weird scenario how this company started up and what I read on the 2 cent shares. Is this is normal way a company could go public?

Just my opinions on them. Anyone else have any thoughts?