Antibe Therapeutics Inc(Pre-Merger) ATBPF

RE:RE:Insider Buy

[Pragmatist]

clubhouse19 wrote: There was a total of about 160 k of shares carried out privately on feb 23 at 6.38 and filed feb 27. 
Looks to me insiderts buying into the bought deal. 

 If so what is the extra  38 cents for if the price was 6.00 per share

Pragmatist wrote:

 

 

I think that new investors will look upon this in a favorable light. 

 

Last summer, when there was a bought deal, insiders sold.  This time they bought. This suggests that in contrast to last summer, there might be some positive follow-on news.

 

I appreciate that life is not  as simple as this, but it is still a positive development.

 

If you believe that insiders such as Legault/Wallace will be rewarded with additional shares for an IP consolidation instead of cash or a combination thereof, then this is doubly good, in that they would purchase  additional shares in advance of such a deal.

 

This buy was a private arrangement for insiders, all on the same date and at the same price. And at a price greater than the offering and without the warrants. So it was a coordinated deal outside the Public Offering (PO). Probably with a single SH(s).  Maybe involving the senior broker warrants?

 

So kudos to management for pursuing this when they might have done better with a private placement (PP), where they could have participated at a lower price and with warrants.

 

This is all pure specualation.  But it gives me a warm and fuzzy feeling that I initially didn't have when the bought deal was initially announced. This is good news. Let's see what evolves.

 

I think that the number of insider shares was closer to 280K, when you factor in Schmed Enterprises and Altapharm Internation, over which Legault/Wallace exercise control or direction..

If you look at the email contact information  for papers by Wallace on the web, it's: altapharm@hotmail, where alta maybe stands for alberta.