CEO has bought a lot of shares through his fund. Controls over 600,000 shares now...or nearly 40% of the company. And this is separate from the company buyback. From the 10Q:
On December 5, 2018, the board of directors approved a stock repurchase program (the “Stock Repurchase Program”) to repurchase shares of the Company’s common stock. The program permitted repurchases of up to a maximum aggregate purchase price of $2,400,000 and the number of shares of Common Stock repurchased shall not exceed 409,000. Under the Stock Repurchase Program, during the three and six months ended June 30, 2019 a total of 33,972 and 92,706 shares were repurchased, with a total of 110,808 shares having been repurchased since the program began. The program expires December 5, 2019.
Bullish sign to see continued buying on 2 fronts. Maybe the CEO will just take the company private? Meanwhile the already low float on QBAK continues to shrink. Not sure if this one does much short-term, but I'll continue to accumulate in the $4's. Because when QBAK does jump, could be a fun ride up with the VERY thin float.
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