Post by
hintonkid on Apr 21, 2023 8:44pm
Michael Hilmer picked up another 10,000 shares on April 20.
Michael Hilmer, again, has been acquiring shares in HANK. April 20th he picked up another 10,000 shares @ $0.05 per share in the public market. Each of these purchases has been in amounts of a few hundred dollars per purchase. One has to speculate if he is buying at small cash amounts to avoid calling attention, in the market, to larger purchases at larger cash amounts. Currently, insiders hold close to 44% of the shares outstanding of HANK. I speculate that by buying smaller lots in a strategic move on the part of the CEO, then, as I stated, he would like to avoid a run on the stock price as speculators dive in to the name and force the price artificially higher and then short it or drive the price down hard after taking profits at the expense of genuine HANK investors. I am glad to see that Michael has been buying company stock, on the open market, on a steady basis. It tells me that he must have great faith in where this company is going and is expecting much of the company in the coming months. I don't know how many HANK investors watched the recent interview with Michael but, he sounded quite optomistic in regard to growing the HANK customer base and moving the company in to profitabilitiy in the next few quarters. To see a list of dates and purchases, made by Michael Hilmer, over the last few months just go to the top of the page and click on INSIDERS and there you will see the details. Wishing everyone good fortune and good buys.