RE:RE:Regardless what you say this is disappointment First I want to say that the knowledge of insider selling doesn't tell us the whole story and it might not necessarily be good or bad. The insider selling may only make up a small portion of what the executives continue to hold and believe in. My gut would say executives still hold a large stake in Koios and that any insider selling will not last. Although Insider Selling would not have helped with the recent fall in stock price I still think that short selling and scared investors are the bigger issue here with the decline. I firmly believe that this stock will rebound sooner rather than later especially if the positive news releases continue. Need to focus on the longer term opportunity here rather than on the short-term stock price fluctuations.
The above said, just a guess here, but the insider selling might have to do with the exercising of warrants/options and the subsequent sell-off of some of those units. The recent share spike may have simply presented some insiders with the opportunity to diversify some of their own holdings. As of November 30th (2018) the company had a balance of 23,647,787 in outstanding warrants at a weighted average price of $0.17. The company also had 1,850,000 options outstanding at a weighted average price of $0.23.
Per the most recent stated Capital Structure (As of January 1, 2019 - shown in last slide of Investors Deck refer to link below), fully diluted shares amounted to 83,257,947 compared to the only 58,410,160 in Common Shares that were outstanding. By this time warrants had already reduced to 23,197,787 (450,000 decrease) and Stock Options to 1,650,000 (200,000 decrease). This of course is all before the spike that resulted after the Walmart announcement, which would have presented a great opportunity for the holders to exercize some of their warrants/options deep into the money.
Investor's Deck Link:
https://cdn.fbsbx.com/v/t59.2708-21/52616655_793388531060266_1697801151929384960_n.pdf/2019_KBEV_Investor_Deck.pdf?_nc_cat=105&_nc_ht=cdn.fbsbx.com&oh=a95f87bcd8fc113d1164bfc5e06975b7&oe=5C8C1237&dl=1