Imaflex Inc V.IFX

Alternate Symbol(s): IFLXF

Consumer Cyclical Packaging & Containers

Imaflex Inc. is focused on the development and manufacturing of solutions for the flexible packaging and agriculture industries. The Company’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Its polyethylene films are mainly sold to printers known as converters, who process the film into a finished product to meet their end-customer needs. Additionally, its films are sold directly to customers to protect and market their own products or bought by distributors for re-sale. Its agricultural films are finished products, predominantly sold directly by the Company to growers. Its portfolio includes common mulch, compostable and fumigant barrier films, as well as metalized crop protection films that add pest/weed control and/or accelerated growth benefits beyond those provided by its common mulch films. It has manufacturing facilities in Canada and the United States.

TSXV:IFX - Post by User

Imaflex Inc > Beacon Securities

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Comment by Ciaoon Nov 29, 2024 6:38pm

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Post# 36338470

RE:RE:RE:Beacon Securities

Ciao wrote: Judging by his sale of about 400K shares after Q2 was released, he may be unloading some more shares again. WIll need to wait for insider trading reports to surface. Disppointing if he does this again, but that could easily account for the poor share price performance after another great earnings report.

He sold his last packaging business and will likely do the same here. Surprised he needs the cash now.

Correction: I just re-checked insider trading reports, Tony only sold 41K shares after Q2 was released.He had both indirect and direct trading accounts, both sold for a total of 41K shares.

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