More insider buying at PRKA today, 1.8 million shares. Total in the last 2 days
CFO - 375,000
COO - 300,000
CEO - 1,500,000
Director - 3,825,000
All purchases at .0666
That totals 6,000,000 shares, dollar total is $399,600
The code on the Form 4s is "P" which is
"Open market or private purchase." Since there has been no volume obviously it's been private purchases. I see only 2 possibilities
1. Purchase of treasury stock
2 Partial buyout of a former director's holdings. From the last 10k
"Based on the Company’s review of prior public filings, the Company believes that Global Public Strategies LTD is owned and controlled by Larry Eastland, former director, president and chief executive officer of the Company and the father of Christopher Eastland, a member of the Company’s Board of Directors."
Global Public Strategies LTD owned at that time 10,200,000 shares
They are in a legal dispute with Larry Eastland so it's possible that a settlement has been reached.
Those are the only 2 possibilities I can come up with. Either one bodes well. $400,000 worth of insider buying very meaningful for a company down here.
My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.
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