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$MicroAlgo (MLGO.US)$ insider own 93.69% . is this true ?

$MicroAlgo (MLGO.US)$ insider own 93.69% . is this true ?
insider own 93.69% . is this true ?
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  • BAO BMW : Hi Mr Sai,
    When a company insider own more than this high percentage, then is good or bad..? 请指教一下,是好或坏事?谢谢..

  • Mr sai OP : 😄 hi , I’m sorry for your question because I’m not good at it . 😀

  • BAO BMW Mr sai OP : it's ok.. me also not good at all  , let wait for the expert person to ask the questions,they may help us to understand.[undefined][undefined]

  • SwingingRingo BAO BMW : Bad. They can manipulate the stock as they please. They can do whatever they want as they are the majority stakeholder so we can’t even stop them by our votes as they have more votes. They can create big price changes due to insider trading that help them but screw over retail investors like us. If the stocks go down they don’t care as they got most of their shares for free so they don’t lose and still make free money. We on the other hand pay for our shares and oftentimes at very high prices if we get sucked into a pump and dump trap.

  • BAO BMW SwingingRingo : thk u Ringo for the info..

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