I was under the impression that all shares distributed were to be restricted. Perhaps those who traded shares that mistakenly were shown as tradeable have been forced to buy back in, as you have speculated. That could account for some of the volume. Bear in mind the float is only about half a million shares, so it doesn't take much to move this stock. Inasmuch as the shares have gotten severely beaten up here, and appear to be moving up, buying more here could be a trap, if the buy-ins associated with mistaken share restrictions are over for the short term.
Is there anybody out there who has traded shares received in this dividend? And what subsequently happened?
I didn't ask when the restriction was officially to be lifted. A phone call to Michael Burg at MVPH should give you your answer.(602-816-6140). I have spoken with both Michael Burg, and James Ray, (Secretary and large sharholder). They are helpful if you ask them nicely.
Bear in mind that RMIL is also laying claim to your dividend shares, and there appears to be some legal wranglings occurring as we speak. The opinion of PRTI and MVPH appears to be that RMIL has no claim to those shares, despite the fact that they list them as an asset in their recent 8-K filing.
Good luck in PRTI. Hopefully, they will find a business to put into the shell once it is sanitized. For the moment, they are in no business at all. |
