Daly and Oldn,
I'm not sure where it says Best gets a lot shares in lieu of salary. 2016 accts say Best received $1M+ salary in cash equivalent to 80%+.
I don't like the look of this share sale one bit being 25% of the shares he holds. I also do not think there is any margin call situation here either. Best sold 1.3M shares late 2015 at $3.51 to net just under $5M. This share sale is at the lowest the sp has been for the last two years also adds to my concern.
Bearing in mind we have an sp that has been steadily falling since Oct and is now down 20% in that time the sale to me indicates there is further to go IMO (as no information has been forthcoming about why). If the next 12 months was going to be good/positive you wouldn't be selling now would you? The institutions that took up placement shares at $3.95 last year I imagine wouldn't happy either to see this sale either. MTR needs to tell us more. I have been holding as the future seemed brighter but now I'm not so sure.
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