RE:Insider buy at 30 cents conversion price Insider is buying convertible debenture at 10% annual interest rate and optional conversion at 30c. They may be buying only for interest and may never need to convert debenture in to shares. May be by year end company go for further dilution to fund cash burn and debenture holders.
I am regretting my investment in SIM but end is near one way or the other. Either company start showing some profit or cash burn will have to be funded this time below 10c per share.
My question to management is if you can't show some profit now, what will change in next 6-12 months that make situation more favorable.
comissioner wrote: Good news. Insider buy. And million dollars for company