Post by
baldstock on Jan 27, 2023 7:46pm
Loading up shares by CEO & insiders means something.
Even @0.10 insiders spent 1 million dollars in current mareket.
Think about as opportunity cost. If you buy 30 year US tresury instead of "10cents" shares.
You can eaily get $40,000 dollars each year for 30 years. 99.9% guaranteed! Plus your principal.
However insiders decide to buy "10cents" shares. Giving up all those guaranteed easy moeny.
It emphasize one thing!
They are confident to have bigger return which I believe 10 bagger.
I do not believe 10~20 dollars will come as some investors claim in bullboard.
However I do believe confidently it will be a 1 dollars.
10cents dilution sucks however they decided to load up in current market is very positive.
As opportunity cost , I do believe "1 dollar" is coming