Jul. 8 at 1:33 AM
$IGC https://www.accessnewswire.com/newsroom/en/biotechnology/igc-pharma-ceo-and-principal-financial-officer-purchase-more-than-1.15-million-of-com-1187333
This wasn’t just dilution—it was a major insider confidence move.
🔥 The CEO and PFO converted
$1.15M into restricted common shares, including over
$552K of their own cash they had previously loaned the company.
🔥 No warrants. No preferred shares. No sweetheart deal. They took the same common stock at full market price (
$0.27).
With the AI presentation and CALMA Phase 2 catalyst approaching, management chose stock over cash. While insiders can be wrong, many investors view that as a strong sign of confidence in the company’s future