GREY:FLOOF - Post by User
Comment by
Barney77on Oct 27, 2018 12:20pm
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Post# 28882243
RE:RE:More Insiders Buying
RE:RE:More Insiders Buying Drd8 - I see this the opposite of you. Yes, they have lots of cheap founder shares, but if so, why would they put more money in. This is not about their ACB, this is about opportunity.
If you bought a stock at a super low price, and now it is trading way higher, why would you buy more shares? Likely because you like the opportunity.
Based on their projected production, regardless of what any of us retail investors or the insiders paid for their shares, this company should be multiples higher. That is why they are likely buying, that is where the opportunity is, that is why I bought shares. Not concerned I paid more than insiders, I only look at the future opportunity, which I am suggesting is the reason they are buying as well.