Mountain Valley MD Holdings Inc (MVMDF)

[SmittyInvestor]

Good question, I think most of shares sold recently, that took this from the high of $2 to now were debt holders and shareholders.
Shareholders who exercised cheap warrants, showing below news and people who bought in the private placement in Dec.

news release dated January 11, 2021 and up to February 11, 2021 , 26,421,592 additional warrants were exercised for gross proceeds of approximately $9,247,557 , for combined total gross proceeds of approximately $10,641,456 .

Insiders have about 4% with options to increase that.
Latest round of options were for $2.04

Some companies take on debt to finance operations, this one appears to sell shares to finance operations.

Good news is they have cash to fund the studies and do business in India, Brazil, South Africa
Next is execution of trials and publishing results