Stargaze Entertainment Group Inc (STGZ)

[Lottalead]

From the latest filing:
07-23-24
New Issuance
3,125,000
Common
.008
Yes
James Blackwell
Purchase
Restricted
Section
4(a)(2)
07-23-24
New Issuance
3,125,000
Common
008
Yes
William Stover
Purchase
Restricted
Section
4(a)(2)
07-23-24
New Issuance
12,500,000
Common
008
Yes
?????
Enterprises
Incorporated
Thad Konop
Purchase
Restricted
Section
4(a)(2)
07-23-24
New Issuance
3,125,000
Common
.008
Yes
Kristine Plowman
Purchase
Restricted
Section
4(a)(2)
08-21-24
New Issuance
3,125,000
Common
.008
Yes
William Stover
Purchase
Restricted
Section
4(a)(2)
Looks like maybe a few friends took advantage of an opportunity. Restricted shares purchased at .008.

https://www.otcmarkets.com/otcapi/company/financial-report/413965/content
Take a look back, on July 23 2024, the shares were trading at .008 range so they acquired the shares at the current market price and the price even declined soon after. Their shares are likely restricted for 12 months so I assume that as that date approaches, the company will begin to roll out the plan.
We’ll see. Accumulating shares at or near this range seems prudent to me, especially with only 27M share tradeable float.
All imo.