Share Buy Back of ~15% of OS by director...that is very big news (prob from a former affiliate pre_Mushrooms Inc, affiliate who tended to sell them leading to the low volume downward pressure)
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Buy Back by the Board Director and New Strategic Initiatives.
Estero, FL - June 5, 2024 – Mushrooms Inc. (OTC: MSRM), a leading innovator in biotechnology and sustainable healthcare solutions using mushrooms and mycelium, is pleased to announce that our board director has purchased 5 million shares of stock from an affiliate.
There were no loans or costs to the company for this transaction. The director has allocated this stock for use in advancing the company’s strategic initiatives, thereby preventing further dilution.
“Our director’s purchase of these shares is a major accomplishment in positioning Mushrooms Inc. for future growth and success,” said Kimberly Carlson, CEO of Mushrooms Inc. “This move is a win for our shareholders, who have shown steadfast support despite stock fluctuations. It underscores our commitment to leveraging our resources effectively to drive the company forward.”
Donald Steinberg, Board Director says “I feel that by purchasing shares from this affiliate will reduce the amount of shares being sold into the market each quarter which was having a negative effect on shareholder value. I intend to use these shares for necessary issuances to new people as they come on board to help the company move ahead”.
Strategic Use of Shares
The director is committed to utilizing the acquired shares to support moving the company forward and continuing the trend of non-dilution which the company has upheld since September of 2023.
Upcoming Shipment and Innovation
In addition to this significant transaction, Mushrooms Inc. is proud to announce the development and upcoming shipment of mycelium-based materials to the research team in Germany, in late July or early August. This shipment marks the first step in the development of our innovative bacterial detection bandage. This groundbreaking product highlights our dedication to creating sustainable healthcare solutions and advancing global health.
Bullish
