May. 16 at 9:56 PM
$NXGL The insiders knew the results and the recent developments, also the investors of the offerings. On Friday, the remaining investors were informed also.
The CEO and other directors have increased lately their percentages by buying shares in the last stock offering at
$0.60.
These buys cost
$1.085 million to them, they are not negligible.
So, insiders, industry experts and other private investors, all acquired shares at
$0.60 in the last two offerings. A considerable investment of more than
$6 million, in comparison with the current market cap.
On the other hand there was the reaction of the market to the results etc: Mainly individual investors I guess sold shares around
$0.50 cents, for
$0.06 million.
Among us and the insiders+experts there was a difference of 100X in value of trades. That tells much about what mid and long term price direction will gain ground.
