RE:RE:RE:RE:Insider buying - 200 000 shares at 0.20$The Armoyan family are value investors with deeeeeep pockets. They have a habit of finding undervalued stocks and helping the value get unlocked. Look at Armco Capital for examples. Jonathan Armoyan would be acting on his own account, according to the NR, but you know the saying, apples don't fall very far from the trees: I would expect the same pattern as what Armco usually does to apply.
Now this was a slow process: patient accumulation of shares, becoming an insider in a relatively illiquid stock, all this is in line with the family pattern. And in the end, for sure he intends to make a healthy profit.
So what from here would be a healthy profit: I will wait and see to fix my target. I believe a new vision and new ideas may come useful, and I see no reason to think that J.A. would want less than to double his investment. He will most likely add to his position than sell from here, (otherwise becoming an insider would have been dumb, which I am sure he isn't). Was this part of the value enhancement process, or not, I hope we get updated on these in the next press releases. GL