Sunday, January 31, 2021 6:14:37 PM
If you read the "Sticky" post with the 17 points I put above, showing why SPIN is an extraordinary merger candidate, you will note that Management holds 43% of the total shares or just under 9 million of 20 million. This is the same management that has been in the stock for at least 9 years and all but about 2.2 million of their shares were purchased at the market with prices as high as $1.87 for Donovan and around $2.00 for Jerry Bratten. Dr. D has almost 4 million shares and Bratten around 1.5M. No Director has ever sold a share.
The point of this is that Management has been very patient in prepping the Company for Merger. So I think it is safe to say there is no real desire to do any deal that doesn't at least have a shot of ultimately getting to $2+ a share sometime after the merger.
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