RE:For me "personally" the insider ACB is 45 cents CADAll well and good, but I don't take any comfort from insiders buying at .425 (including a sweetener/option on more later)
I take discomfort in holding something that is trading at a tiny fraction of what it is (in all probablity)
worth today (after factoring in probablities of sucess or failure on all compnents) simply because the Board chooses to let the company fly under the radar. Especially since there are many costs hidden of doing so (including potentially lives) - as outlined in a prevous post.
.425 was bad enough. The anon walkdown is an insult to shareholders who have not been apprised of the ultimate endgame and who have put their hard earned capital at risk.
Will we ultimately be rewarded? Probably...but IMO the end does not justify the means.
MM
SouthernTierTom wrote: Notice there has NOT been a stitch of "insider activity" all through this "home-made" Anon walkdown.
Furthermore, two "insiders" purchased ~ 200K 45 cent warrants in April and exercised them at the same time. These warrants were in conjunction with the March 2018 handout ayt 30 cnts mostly sent to western proivnce Albertha.
I see this recent performance / drama as a means of "justifying" the 10% dilution at 42.5 to "unknown participants" here in the US. I know our Chair bought 180K CAD worth, but it runs much deeper than this.
Bear in mind, a major exec at Patient Home took 32M at 30 cents'ish to bring his total to 10% of the co before it dipped to 12 pennies CAD. It went on to perform a 20 BAGGER...
"NO questions were EVER asked about the 32M at 30" Capeche?? ; - )