Post by
Magnitude on Mar 28, 2024 2:14pm
OGI sold shares at $2.15
Does no one realize that the units sold at $3.23 price shares at $2.15 plus dilution brings the sp lower and thats why insiders sold at $2.74 so why the heck is anyone paying more than $2.25 which would be a premium of $0.10 to what the company valued themself at...I have swamp land for sale if you guys are interested..lol
Comment by
stock1310 on Mar 28, 2024 3:19pm
Only ONE insider sold shares, McFadden, sold her 50,000 shares. So when you say insiders (plural) your are being disingenuous and no one should take you seriously. When the overnight public offering news came out the share price was at 3.65 and the dilution being at 11% should have brought the price down to 3.25. So the market is exaggerating at the moment.
Comment by
stock1310 on Mar 28, 2024 3:35pm
Look at SEDI carefully, there was 1 transaction on Mar 20, 2024 for 11,000 shares and 3 transacrions on Mar 13, 2024 for about 39,000