RE:Benj Gallander's View on CRHThis was last week and not exactly very accurate, and I like Benj but he is pretty loose with words on this one.
Below is listing of insider transactions since June 9th
| Aug 15/17 | Aug 10/17 | Patrick, Todd | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 9,349 | $2.45
USD |
| Aug 15/17 | Aug 9/17 | Patrick, Todd | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 40,651 | $2.20
USD |
| Jun 29/17 | Jun 28/17 | Johnson, David | Direct Ownership | Common Shares | 10 - Disposition in the public market | -30,000 | $5.67
USD |
| Jun 12/17 | Jun 8/17 | Webb, Ian A. | Direct Ownership | Options | 56 - Grant of rights | 16,000 | |
| Jun 12/17 | Jun 8/17 | Patrick, Todd | Direct Ownership | Options | 56 - Grant of rights | 16,000 | |
| Jun 12/17 | Jun 8/17 | Johnson, David | Direct Ownership | Options | 56 - Grant of rights | 16,000 | |
| Jun 12/17 | Jun 8/17 | Holler, Anthony | Direct Ownership | Options | 56 - Grant of rights | 16,000 | |
| Jun 12/17 | Jun 7/17 | Webb, Ian A. | Direct Ownership | Common Shares | 57 - Exercise of rights | 16,000 | |
| Jun 12/17 | Jun 7/17 | Webb, Ian A. | Direct Ownership | Options | 57 - Exercise of rights | -16,000 | |
| Jun 9/17 | Jun 7/17 | Patrick, Todd | Direct Ownership | Common Shares | 57 - Exercise of rights |
That does not reflect " selling like crazy " to me. Sure Wright sold some as did a couple of others, this was back in the spring or so, before the stock sell back to the 7-8.00 level, as I recall.
I grant that the optics were not good for the disposition, but again it was not " selling like crazy " by a bunch of insiders.
Also Ryan Modesto from 5i reserach recently stated that the company was using their stock as currency, as did one other analyst. This again is not the case. As far asI amaware they only did one stock issue at 3.40 and that was at the intial buying of GAA and was the catalyst for the start of the growth stage.
Management has repeatedly stated they will not follow the path ofserial stock issuers, and will grow from within, using cash flow, credit lines established with Scotiabank and Morgans following the jont venture tactics with each acquisition being accretive to CRH.
Pleaase read ALL the report very kindly posted by nynycasino link below
Back with a positive news
As I said before, if something changes, I will be back. Well more value investors are piling into this company as link posted below points out. Buy before it is too late. Do not sell for few cents gain, accumulate and lower your overall buying cost. GLTA.
https://drive.google.com/file/d/1uEJF-Ls0PnlertrnhYLUYHDTZzx-KtLR/view
Read more at https://www.stockhouse.com/companies/bullboard/t.crh/crh-medical-corporation?postid=27034143#oiATy7yabzffcCmy.99
That report, without question as far as I can see, paints a pretty realistic picture with quite a bit of the history of this company.
Take the time to read it, you may find it is time to step up to the plate and buy some more, and ignore the noise from those who want your shares......
Check out what ALL of these guys on BNN say - if they were that good they would not need us little guys, would they ?
Cheers and in for the long haul.....
Mac.