misanthrope, MRIB is not under distribution of shares at this time, and hasn't been since early February. Accumulation started late February, and despite one setback period, following year end financials, accumulation has begun again. Convertibles matured late June and were not dumped into the market as previous convertibles had been. That is a clear sign that the game plan of debt holders has changed. IMO, they are indeed insiders and know the pulse of the company. IF they knew Marani was turning off the lights, they would be dumping their shares daily to recoup their investment. It is not happening. That is a good sign.
It doesn't matter who is accumulating shares of MRIB. With the current state of the company, one can only assume it's someone who knows that something positive is about to happen that makes securing shares at the current pps a good investment.
What has happened in the past is water under the bridge. What is coming down the stream is what matters. IMO, with the pps in the trips, the risk/reward has tilted in favor of being worth the risk, and if Margrit finally comes through with an announcement that she physically secured funds from an SA agreement, MRIB will be back over a penny in a heartbeat.
Chewie
Note: My comments in this post are only my personal opinions. Please make your own investment decisions. Happy trading, and best of luck to you with achieving propriety.
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