Forward LookingI watched this stock fall from .40 to .06. And suffered b/c I'm a shareholder. Still, insider activity tells me that this company is far from dead. Rather, they seem to be setting the stage for a runup. Facts:
Nov 13. Charles Mannix appointed as a Director. Mannix contracts to buy at least 500k of GABY shares on open market between now and May at prevailing market rates.
Nov 15. Aaron Browe, VP, buys 25m shares at .13 (cost $3.25m).
Nov 20. Matt Bartlett appointed as a Director. Matt is a partner with Merida Capital (https://www.meridacap.com). Merida dropped 10m into Gaby in a June, 2019, equity raise @ .30 cents/unit. Having lost near 80% value (or about 8m) based on current share price, Matt and Merida have a vested interest in recouping their paper losses.
Dec 5. Mannix buys 2,232,143 shares at .112 (cost 250k).