GREY:RNKLF - Post by User
Comment by
Styles76on Oct 28, 2018 9:26pm
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Post# 28885302
RE:RE: CEO purchases tiny
RE:RE: CEO purchases tinyKeep in mind he bought on the open market, not as RSUs, options, or warrants.
He's demonstrating confidence in the market, and showing that at 68 cents this was so oversold that even with his available options it's bargain priced.
And 100,000 shares - that's still nothing to sneeze at - not everyone would throw $68,000 on the table to max out their RRSP contribution for the year.
Jelect99 wrote: Why would the CEO only buy 100,000 shares. That is $68,000 in total. That is nothing considering his income and if he knows that this will rocket why wouldn't he bet the farm!!!