Check CBS Market Watch Herb Greenberg April 15 article "Security Silliness" detailing that MAGS CEO Jacob Ezra has sold 1.5 million shares, 20% of his holdings, according to a very recent 13-D filing. This is 50% of the float. It seems only the insiders understand the company's true value....or how to take advantage of momentum foolishness.
He owned 51% of the company prior to that sale. Many mutual fund investors won't invest in small cap stocks that are greater than 50% insider owned for a multitude of reasons. Number one they would prefer that the retail market dictate the stock price!! He in essence just paved the way for a higher move!!!