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Wednesday, June 19, 2019 7:13:32 PM
It would show current and future investors that management has a substantial interest in the success of the company, and it would help keep currently low price shares off the market.
Personally I think a public float between 50-100 million shares would provide enough liquidity, without turning the company into a permanent penny stock.
You would think insiders would want to own as much of the resulting company as possible. Why wouldn't they, the company is targeting a huge market in newly legalized Massachusetts that could pay off big for insiders and common shareholders in the short & long run.
Believe the CEO will do whats best for all shareholders like he promised. He's a former Marine, they don't leave guys behind. imho glta
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