Long with Insiders into Earnings to End Week...Fully Loaded now into earnings Monday before the bell after adding another tranche at 0.30 as the stability in the underlying business I believe will be there. Especially given the recent NEC announcements this proves that product is on point. NEC would not ask Apivio to sign the LOI if they were not seeing good sell through of the product.
During Q2 lets just give a quick recap of insider buys:
CEO - purchase 250,000 shares @ 0.35
CFO - purchase 50,000 shares @ 0.31
Director - purchase 35,000 shares @ 0.35
At 0.30 your downside is limited and we could move significantly higher if there are any signs of life in the North American sales growth and management’s recent purchases signaling they are seeing something they like within the underlying business.
For an added bonus the Korean Won has begun strengthening vs the USD which will help their gross margins going forward as it has been a real margin compressor in the past year.
LONG