RE:RE:The Chief Executive Officer of THC Biomed Intl Ltd. (CSE:THC Here's an ambiguous to slightly positive interpretation, Courtesy of rambo's post:
THC Biomed Intl Insider Transactions Over The Last Year
In fact, the recent purchase by John Miller was the biggest purchase of THC Biomed Intl shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$0.15. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for THC Biomed Intl share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was John Miller.
Does THC Biomed Intl Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that THC Biomed Intl insiders own 30% of the company, worth about CA$7.1m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The THC Biomed Intl Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of THC Biomed Intl we think they are probably pretty confident of a bright future.