RE: RE: V.PSP insiders buy 6.5 million shares in JI've traded PSP before. It's very confusing. They make radical plans then cancel them then make more radical plans then cancel them. Insiders are probably buying because they've come up with some new plan that they intend to go through with. They make personal body armor and stuff like that and have some substantial contracts with the Canadian government.
ARNPRIOR, ONTARIO--(Marketwire - March 5, 2012) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company"), a North American manufacturer of advanced armour and personal protection solutions, today announced that the letter of intent with Sun Capital Partners to sell substantially all of its assets, and the associated exclusivity period, has been terminated. The letter of intent was initially announced by PSP on January 23, 2012.
Check their news history here: https://tmx.quotemedia.com/quote.php?qm_symbol=psp