MRTI: New news out today!
Looks like the CEO is snatching up all the shares he can.
He bought 11 million shares of his own company today.
That should be a predictor of something to come, methinks.
MRTI trades at .12 X .13 currently
Here's the news:
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Monday June 8, 10:41 am Eastern Time
Company Press Release
SOURCE: Metal Recovery Technologies, Inc.
Metal Recovery Technologies Chairman Purchases 11,000,000 Shares of Company Stock
EAST CHICAGO, Ind., June 8 /PRNewswire/ -- Michael Lucas, chairman of Metal Recovery Technologies, Inc. (OTC Bulletin Board: MRTI - news), the world's first commercial zinc recycler, announced today that he has purchased 11,000,000 shares of Metal Recovery Technologies common stock bringing his personal holdings in the company to 12,000,000 common shares. A 13D form filing with the Securities and Exchange Commission is currently being prepared.
Metal Recovery Technologies utilizes a patent-pending process that removes zinc from galvanized steel scrap yielding two end products: 99.8 percent pure zinc, and the highest quality reusable ''black'' scrap steel. The dezincing technology has been developed by Metal Recovery Technologies in partnership with the Argonne National Laboratory and the United States Department of Energy. Visit Metal Recovery's web site at metalrecovery.com.
SOURCE: Metal Recovery Technologies, Inc.
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Good Trading!
-DavidCG
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