Insider Buys and DilutionSome complain about dilution and the absence of insider buys but I do have a different view on this topic.
After several posters criticised "dilution" and "cheap stock options"...
When reviewing the year end results of the last view years one can notice that GSI already had 90 million shares fully dilued at the end of 2020.
Now it is about 98 million shares. Dilution of 8 million shares in 4,5 years means 2 million shares per year or just 2 %. That is not worth mentiong and very modest. While the cheap options are somewhat annoying it is a relict of the very past.
No financing since 2017!
Same thing with insider buys. While I would appreciate Doug to buy some stockI think his holding of 10 million shares without selling a single one is a statement in itself. This is probably the vast majority of his net worth and he has not done any diversifying so far....
Some parallels to CDXC (Nasdaq) a stock I bought in late 2023. The CEO held a significant amount of shares and constantly proclaimed the stock to be significantly undervalued without buying additional stock (valuation 1.2 times ev/sales, 10 times ev/ebitda with 20 % revenue growth and the stock moving sideways for 2 years ). It went to 7.8 $ per shares (600 % higher now) last week....