88 Energy Ltd (EEENF)

[powerbattles]

CHECK OUT INSIDER MOST RECENT TRANSACTION:

12th February 2021 the issue of the New Ordinary Shares, the Company will have 12,161,590,431 ordinary shares. If 360 million added that is about 12.5 billion

Check out Most Recent Transaction:

Top of the list Wall David James Managing Director bought over 120 million. This is not share based Compensation nor Exercise of Option.

WALL (DAVID JAMES) Managing Director
Bought
Jan 10, 2021
120,038,015

EVANS (MICHAEL JOHN) Director
Bought
Jan 10, 2021
32,457,145

STALEY (GEORGE HENRY STEPHEN) Director
Bought
Jan 10, 2021
12,808,334

https://ca.finance.yahoo.com/quote/EEENF/insider-roster/

Furthermore, look at insider transaction they bought last two years. Some exercise of option high as .20 cents per shares. None of the shares they bought in the recent and the past two year has sold on the open market because their isn't a filings indicated they sold. Keep in mind 88 Energy NOT a Stinky-Pinky hidden on the attorney letter at octmarket.com. Company report on the audited and review of the annual and half-year financial report, and register with the SEC.
https://ca.finance.yahoo.com/quote/EEENF/insider-transactions/

The Intelligent Investor believe if a number of insiders purchase more shares of a company, they may believe that the company will have strong future earnings and that the share price will increase in the near future. Let's not forget just recently director Exercise of option 500k .055 higher than the open market below .02 cent. If that isn't enough then checkout Elko crew drilling bought 360 million shares from 88 Energy.

Over 30% of shares held by big-time money, this doesn’t include the new placement last month holders.


Total units on issue about 9 billion owned by institutions.
https://88energy.com/capital-structure/

Link to SEC where all filings posted.

https://sec.report/nsm/88-Energy-L-T-D