Medipharm Labs Corp T.LABS

Makes it tough to watch insiders sell shares so low

[mdjbrown]

Filed 2023-05-24 14:34   Tx date 2023-05-19

$LABS MediPharm Labs Corp.

Pidduck, David 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership

Common Shares 10 - Acquisition or disposition in the public market

$-142,181.34 -2,031,162 vol $0.07 each

6,175,735

[Solid1]

I don't think he's selling them to an unknown person.... 

[mdjbrown]

Tough to tell S1 May 19 daily volume was huge in comparison to months previous and it looks like the Omega platform accomodated transactions in the amount of 1.178 million shares that day but the shares were sold on the open market. Just not a great look when there is so much uncertainty https://www.stockwatch.com/Quote/Detail?C:LABS&snapshot=SX

[subaru1]

2023-05-19 Pidduck, David -2,031,162 Sell in the public market at $0.07 per share -$142,181.34 6,175,735 2023-05-19 Pidduck, David 3,275,863 Exercise of rights at $0.07 per share $232,586.27 8,206,897 2023-05-19 Pidduck, David -3,275,863

[alleyesonme]

Share based compensation is how a small Corp like labs can have a high calibre pharmaceutical CEO...sold these shares the same day it was awarded and still adds 1.2 million shares to his huge pile...nothing to be concerned about...the way this was done was very professional...this millionaire just needs to be paid...and he's doing a great job.

[subaru1i]

MediPharm Labs Reports First Quarter Results with Growth in Sales, Margin and EBITDA

[subaru1i]

You can look it at negatively but you can also incorporate wealth planning, no different than estate planning when you transfer an asset from a parent to a child while the parent is still living...a form of wealth planning/preservation.    The transfer of assets merely being accomodated by a stock exchange platform.