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 > Insider sales reported thus far

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Post by Ciaoon Dec 03, 2024 10:06am

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Post# 36342695

Insider sales reported thus far

Looks like an insider (VP Marketing and Innovation) viewed earnings release as a liquidity opportunity to unload shares. With the blackout out of the way, shares hit the market bids. Earnings looked good to us, drop in share price the next day was due largely to insider sales. Optics don't look good. The sale occurred the day after earnings was released and represented a whopping 40% of the volume.

Transaction Shares/ Account

Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance

Nov 29/24 Officer

Dujardin, Ralf Direct Ownership Public market sale Common Shares 1.410 -66,200 -15.3% 367,600

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