Imaflex Inc V.IFX

Insider sales reported thus far

[Ciao]

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


 

[Daudau11]

I agree the optics don't look good at all but then again we know on normal days the volume on IFX just isn't there for insiders to upload a decent amount so they must take advantage of days after earnings. I think if Rev./earnings continue to trend in the right direction and later with Advaseal approved I don't think insider selling will stop the stock price from advancing. GLTA!!

[Ciao]

For the "untrained" eye, some wannabe shareholders may get spooked. Hopefully EPA approval / institutional interest becomes the next catalyst for the company rather than year end results in April.

[Angles]

And now some reported sales from Tony as well. However, not as many shares sold as I suggested. Probably more reports to come from both of these parties. I just hope they are done selling and still not sure why they would be selling in the first place, given their inside position and knowledge???

[Ciao]

Tony sold 14K on Dec. 2nd. I would gues that if he wanted to sell more, he would have done the bulk of it on the first trade. If Beacon can get its retail clients to pick up some IFX, that would help support the share price and give it a lift.

[Angles]

Okay, the big guy let loose another 200,000 shares as a giveaway on December 03, 2024, probably for tax purposes. But this was perhaps then sold into the marketplace by the chartity receiptiant, so the same affect as an insider trade. I am not happy on how this thing has trading or held up considering all the information we "think" we know??? Joseph Marino Abbandonato

[Ciao]

Estate planning purposes. Likely passed on to a family member. Happens all the time, nothing to be concerned about.