fringe, here i would take issue with your mention of "insider selling" and "dilution". both of these terms are incorrect imo.
first of all, i see no evidence whatsoever that insiders sold shares. the former shell company directors may have sold shares. it's also possible former directors could have sold, but i don't see any form 4s to indicate that yet. no insiders have sold shares, nor can they at this point in time. jmho.
as for "dilution", the OS is actually smaller now than it was when the company went public. they have added shares recently in the mako acquisition, but these are not yet on the books. even if all the shares used in the mako deal were to be added to the OS immediately, we'd still only be a few million shares higher than the original OS from the R/M over a year ago. i'd say with electrowave and mako they've done a lot of accretive growth with modest and sensible use of equity in these deals.
so insiders can't sell if they can't sell, and the idea that "dilution" is what brought the stock down would only make sense if the OS increased. former directors selling shares increases the float, but it doesn't change the OS. having a larger float serves us well in the event of an uplisting, and also when institutional investors appear to be buying it up, too.
again, i have to point to the fact that the company put out no news for over two months, while mako was being closed, and during this same time frame the MQPH directors had 4.4M shares to unload. i see a clear correlation here with the price action. imo those shares are in much stronger hands. good riddance.
onward and upward...
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