Recent Insiders Buying
The two largest shareholders Messrs. Moshe (bought 200,000) and Gil (bought 100,000) have added more shares to their holdings. However, the former currently holds 11.5 million shares and the latter 8.4 million plus millions more in cheap options. The purchases did not mean "a hill of beans" as they added almost nothing to the nominal cost of shareholdings...As for insider sales, on 28 February 2019 and 23 August 2019, the Company announced that it had awarded, in aggregate 6,030,000 Restricted Share Units and that all of these RSUs had vested immediately and converted into common shares. A RSU Plan allows participants to receive securities, for no cash consideration, based on the achievement of certain corporate milestones. More importantly, how many of those 6 million "free" shares - in addition to exercised options - have since been unloaded by insiders reaping many millions of dollars?...Technically speaking, looking at the Pennant chart pattern, the stock will likely test the $0.60 cents support level measured from the "mast" $1.20 level. There could be some speculative appeal at the bottom after a new base is formed.