Shares of MINE would not have been obtained at these levels unless there was a strong belief that shares of MINE are at a bottom and believed to be at a discount rather than being at a premium.
With the CEO showing that he personally owns 30,000,000 shares of MINE is a decent amount of shares to own in his company and in my opinion confirms that he truly believes in the company’s business objectives and the direction that the company is heading.
Also, important to note and something that I think that has slipped past the attention of everyone is a Form N-Q that was filed by MINE a little while ago. I mentioned what you are about to read before in an earlier post as you just don’t see penny stocks file a FORM N-Q with the SEC very often. Although, yet subliminal so far, I think this could be very huge.
Read below the definition, but I must first ask…
Do we have a large business investment company here in MINE that we are not aware of just yet? Or why else would MINE file a Form N-Q?
I say this because notice particularly how the definition of a Form N-Q specifically states that …Small business investment companies are not required to file form N-Q…
Within the Form N-Q for MINE, the fund that is listed within that filing is the Columbia Funds Series Trust I. After doing a little research on the Columbia Funds Series Trust I, it looks like the filing above with the SEC reflects an important connection of the Columbia Funds Series Trust I being a new Mutual Fund that’s part of the Columbia Management of Funds that’s on board to support MINE.
It looks like the Columbia Management of Funds is going to be connected through MINE to three of its other Mutual Funds through its new Columbia Funds Series Trust I, as indicated within the Form N-Q filed with the SEC below: http://ih.advfn.com/p.php?pid=nmona&article=56485619
Total from Above Fund’s Investments = $6,198,520,112
Total Net Unrealized Appreciation = $1,453,311,000
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