Not really. The purchases in question were made via the private placement of convertible preferred shares on 6/22/17 (#msg-132402832) in which the conversion price of $0.9949 was a 23% discount to the previous day’s close. There is no lock-up period, so the preferred shares can be converted into common and sold at any time.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.