Insider buying history on GPW (it's massive)GPW is one of the more heavily insider owned companies around. Various members of the management team in China and in Calgary have bought shares on the open market. Millions under 10 cents and as low as 2.5 in 2012 and 2013 but they have a history of buying as high as 50 cents through PP, business combinations and on the open market going back as far as 10 years. Do you think under these circumstances they are going to let GPW go for cheap?
They really averaged down in 2012, but their average costs are probably at least 15 or 20 cents. Here are several posts displaying the insider buys, going as far back as 1995. If you can't read them thanks to the incredible design of this website where the ads sit on top of half of the posts, copy and paste the text into notepad or something.
This post shows the million shares bought mostly at 2.5 and 3, but some as high as 9:
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/3?postid=22286913
Tong Chiu is Ricky Chiu the CEO and Alan Chan in the CFO.
This next post confirms some of the buying listed above, but also shows that Decky Tse, the managing director in China started with a balance of over 1.3M shares and was the main buyer at the higher prices of 7 to 9 cents in the previous post.
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/5?postid=21694859
If you go to the message board history, there's a gaping hole of no posts from 2006 through 2010, I guess Stockouse lost all the data between that time (more points for the webmaster of this site). So any insider buying reported during that time, and presumably there was a lot, is lost to us posters. But going back to 2005, there are a few posts that show insiders getting shares through various transactions valued at 50 cents or more:
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/5?postid=9749977
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/5?postid=10012138
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/5?postid=9643287
https://www.stockhouse.com/companies/bullboard/v.gpw/grand-power-logistics-group-inc/5?postid=9533838
The last post is particularly interesting. That is the purchase of the Macau assets. The release from last week told us they sold the Macau assets. What it didn't tell us is that aboud 75% of the purchase price comprised of shares valued at 50 cents.