RE:RE:7mil Financinghttps://www.newestformds.com/238951-patient-home-monitoring-corp
Interesting, who would say this is "rumors?!) (why would someone make this up!?)
I see it like this, the Owners of PHM, gave themselves another 10% in stock, by releasing 7million $ of shares. (gives PHM, 7 million $ for another acquisition maybe?)
IF they had started buying up the shares themselves, the stock would have jumped in price.
7mil = about 34million shares @ 0.255$ say on a day such as today... which only had less than 1million today.. and averages 3 million traded. The shares would have shot up 50% to 200% minimum!
this is a way for them to get in at the recent "bottom" before the good times come rolling.
If I owned PHM, its what I would do. You get in for the absolute lowest price.
Not only do they get shares per their contract, but they see this as such an opportunity they had to spend their own money to ADD to their regular share compensation. They see PHM going up, and are VERY GREEDY.
Cheers,
seb
Ps. 1yr ago shares were 1.63$/sh a bit overhyped then... but a 550% return from a 0.3/sh price today. Qt earnings coming. We will see why the insiders have been buying.
"*******Total Offering Amount represents the aggregate deemed price of 34,897,995 Common Shares at US$0.202 (CAD$0.255) per Common Share.******" couldn' t have added at better price. wow.