Stellar Biotechnologies, Inc V.KLH

Echavarria Ernesto Fernando Just Bought KLH stake

[Harty30]

https://www.octafinance.com/echavarria-ernesto-fernando-just-bought-stellar-biotechnologies-inc-stake/

[waitingstill]

Well, that suggests some confidence in the company. The guy has 14.6mil shares? At $10.39/share? That would be a mere $151mil. Am I miscalculating here? How did he accumulate these shares if he is just reporting now. Anyhow, I think that is positive for us long termers...

[notsure]

Sorry to burst your bubble but he has owned these shares for a while now...Not sure why it is being talked about now..Echavarria has owned Stellar stock for many years and has not sold one share throughout the ups and downs....he purchased many of his shares at the sub .70 cost... UNITED STATES  SECURITIES AND EXCHANGE COMMISSION  Washington, D.C. 20549    

[04ulsterinvest]

Reverse stock split 10:1 probably puts the holding at $15 million. Just an guess.