VerticalScope Holdings Inc T.FORA

Insider Buying 10k shares

[ideaguy]

Director Rob Laidlaw bought 10,000 shares Monday, October 21st at an average cost of $7.73 valued at $77,258.00.

It appears Rob has been day trading lately! He sold 29,500 shares September 23rds at $9.30 and is now buying back at $7.73... 

He clearly knew the price was going down, so it's only right that his recent purchase indicates prices on the rise.

But who know. GLTA.

[Frost19]

He's buying in ahead of Q3 earnings release in a couple weeks.  So far in 2024, most of Verticalscope's FCF has been going towards debt, less than 10% going to share buybacks but that might change if the share price stays low like this. They also eliminated ~19% of their total net debt outstanding in the first 6 months of 2024. At their current pace, they will be at or very near 0