you are correct if they took stock it is a reportable event, it must be disclosed
but apparently, the insiders didn't take stock, if they had taken stock they would own more than 1%
and there would be a public record of insider sales
when INSIDERS own such a small amount of stock
That is a TELL and especially on these smaller companies
Market cap in Canada intraday is $35.5 million
Less than 1% is less than $355,000
And cumulative the insiders own less than $355,000 of the stock???
What does that say about the people on the inside and their thoughts of its future?