Wednesday, December 07, 2016 9:45:03 PM
A new insider buy filing today of 3.5 million shares shows us shareholders just how much Mr Smith believes in the future of Protokinetix.
Facts to keep in mind:
#1. Just over the last 6 months, Mr. Smith has purchased over 10 million shares to fund this company and do what is necessary to structure Protokinetix for a buyout.
#2. Mr Smith not only has put millions of dollars of his own cash into the company, he also took out a line of credit of $250,000.000 in June (using his own home as collateral.
Would he risk his own house if he didn't truly believe in pktx??
#3. Mr Smith has only accepted a salary of $1 per year since becoming CEO. The only way he makes money is if Protokinetix sells. Most CEO's only work for salary.
#4. Mr Smith charges us shareholders nothing for his office space and utilities.
So, the next time you're having doubts about what may happen in the future: remember that no one would take a bigger financial and personal hit than Mr. Smith if Protokinetix is not a success.
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