RE:RE:RE:RE:RE:RE:Xebec Website needs UpdatingDosey13 wrote: Seems like Kurt has purchased 100,000 shares in the last couple days at an average price of $4.23.
Wognu, you seem to be good at math... how much did Kurt reinvest into his company?
I think that is a good vote of confidence from the leader.
Thoughts?
Have a great night!
D
well, only since you asked..........
MAKE NO MISTAKE I HAVE ZERO CONCERN ABOUT A CEO WHO HAS PAINSTAKINGLY BROUGHT A COMPANY TO MASSIVE SUCCESS TAKING SOME CHIPS OFF THE TABLE TO PROTECT HIS FAMILY -- ZERO concerns
my point is what level does CEO buying show real confidence to me that everything is A-ok?
my numbers are a quick sedar scan and the share/warrant numbers from double T
and may be slightly off or might be way off
looks like he sold $10mm worth of stock @ $3.60 therefore about 2.8mm shares
sedar shows a lot of .05; .08; .14 .30 etc options so i am assuming he, as ceo, got his share of these ones (as i would fully expect)
so say 2.8mm shares rec'd at .20 for a 'purchace price' of $550k
he apparently has 7.2 mm shares left ($31mm)
he apprently has 3.5mm warrants (not sure of how many to buy a share, or at what price, but likely some nice value here)
so how i look at it is simple
he has an asset (xbc) at current prices +/- $40 - 50MM
i am assuming NO ONE one in Xebec corp knows the company better than the CEO so as an investor i think hmmmm, why, if he is all knowing and is not restricted to buying has he 'only' bought back $500k in shares
that represents about 1% of his holdings
that to my way of thinking is not showing full confidence that 'all is well'
yet, people run their affairs in a myriad of ways, this is his choice and his alone
I AM OFTEN WRONG, YET THIS IS MY OPINION ONLY
i hope xbc comes through with flying colours
i hope we get to $7 and i get on this ride again
because as stated every time, i do beleive this is a growning company, yet the stock remains broken until normalcy return
all in my opinion
good luck