I think we are stuck at $20 until the short selling subsides. Fully covering the dividend on a cash flow basis can also send the stock higher.
This report was through July 15. All the index buying was done more than 15 days prior. So NOTHING to do with that
selling shares at 78c. 5M+ shares AND 5M+ warrants
Spokane, Washington, July 25, 2014 - Mines Management, Inc. ("Mines Management" or the "Company") (NYSE-MARKET: MGN, TSX: MGT) is pleased to announce that it has agreed to sell 4,000 units consisting of one share of the Company`s Series B 6% Convertible Preferred Stock, no par value, and a warrant to purchase approximately 636 shares of the Company`s common stock, par value $0.001 per share, at a price to the public of $1,000 per unit. Each share of Series B Convertible Preferred Stock is convertible into shares of common stock at a conversion rate of approximately 1,271 shares of common stock for each share of Series B Convertible Preferred Stock (equivalent to a conversion price of $0.7866 per share of common stock). The warrants will be immediately exercisable at an exercise price of $1.0816 per share and will expire 52 months from the date of issuance. Mines Management expects that the offering will yield gross proceeds, before estimated offering expenses, of $4.0 million and intends to use the net proceeds from this offering for (i) the advancement of the permitting process for its Montanore Project and preparation for the delineation drilling program, which will include completion of the dewatering and rehabilitation of the Libby adit and (ii) general corporate purposes, including possible acquisition and exploration of new mining properties.
If we don't get a raise, then AI division should just be sold off for whatever it will bring. It's been 4 years with no raise. Another 2 year renewal with no raise tells me I don't want this business
Under the settlement, Mr. McGrath is also barred from trading in the shares of any company for which he or his firm performed investor-relations work within a 12-month period, the SEC said. Additionally, his firm, current or future, is required to notify clients in writing of any intent to sell shares that were received as compensation, and must receive written authorization from the company to sell those shares.
Neither the operator extension nor the extension for Mr. McGrath at Cameron Associates were answered when a reporter attempted to seek comment Tuesday.
The SEC said Mr. McGrath avoided losses of $5,400 when he sold Misonix Inc. shares in May 2009 after he learned that the company would report disappointing quarterly results. In May 2011, Mr. McGrath bought 1,000 shares of Clean Diesel Technologies Inc. stock after he found out the company received a $2 million order, and then sold his shares after the stock rose 95% when the news was announced--making $6,376 in profit, the SEC said.
ever take a business or tax course? Go do the same thing for Apple and you will write a post about 100X larger than the one above. You are so naive
Hear from your deadbeat husband?
you want 70 year old insiders who have a large/majority portion of their wealth in this stock to buy more? Glad you aren't my financial advisor.
Get a fund to buy 300K shares and the insider selling is taken care of
I think RVM should just buy the mine and tunnel in from their side leaving nothing to those local hicks