My guess, some small shareholders who have gotten cold feet. There are 8 sellers totaling 1.8m shares worth $16,200. That's an average 225,000 or $2,025 per seller. We've seen posters to this forum say things like "I sold for other personal reasons". Some personal investors need the cash at times and reluctantly sell. The top 20 shows there's virtually no institutions on the registry. Have they already bailed?
So what we have here as sellers are small fry in the grand scheme. 1 decent buyer could swoop them up in the blink of an eye. To put that into perspective, in 2010 there were 14 days where 20m+ shares traded and 4 where 50m+ traded, admitededly those on the back of some news.
The absolute low (to date) for MST was on 3rd June at 0.006 and with the stock trading now at 0.009, thats a cool 50% return for anyone with big enough kahunas to have bought there. I didn't, but I did buy some at 0.007 and 0.008 (not enough). Now, while 6 months does not a trend make, things seemed to have stabilized, if not fully turned up.
In the last 12-18 months, the registry has changed dramatically. I remember my father saying to me when I was young and starting to look at stocks "Things always look best at the top and worst at the bottom. That is how it got there." Clearly, there's a couple of smart investors who have gotten into the stock in the last year or so. And it's often the mugs like us who hand them the stock cheaply and end up in years to come saying "I feel like such an idiot because I sold out at 0.009 after holding out for years and now its $XXXXX". Not going to be me! I'll risk $0.000 for the possibility of $XXXXX. MST is the best lottery ticket in town!
Anyway, this is all based on observation and opinion.
Add to My Watchlist
What is My Watchlist?