10% owner Mark Walmesley bought 1,357,158 shares of LSMG at $0.12 for $169,644.75; stock currently $0.01.
Mark Walmesley, a 10% owner of Lode-Star Mining Inc., purchased 1,357,158 shares at $0.12 on 2025-02-18, increasing his holdings from 97,829,918 to 99,187,076 shares. The transaction value was $169,644.75. The company has zero revenue in its latest quarter, negative net income of -$12,285.00, and a market capitalization of $1,209,374.42. Since the stock is currently trading at $0.01—eight times below the transaction price—the purchase appears significantly underwater. The stock was listed only 15 trading days prior to this filing, and the company remains unprofitable over its most recent full fiscal year. This acquisition by an insider with substantial existing holdings occurs during a period of severe price decline and material operational challenges.