Sep. 9 at 10:55 AM
$PRPL As a long on this that's down a ton, I feel very concerned that insider holdings are so insignificant here (<5%) and that we haven't seen huge insider buys in years (I don't consider the new CFO's singular buy as a significant purchase). The cynic in me is whispering into my ears that the current management is content to collect their salaries and bleed the company dry as the stock price is of no consequence to them given their lack of holdings. I'm pretty sure that the largest individual shareholder is the CEO, but with the recent reverse split he only has ~<40,000 shares. I'm also somewhat surprised that no body has even attempted a hostile takeover given the current abysmal market cap (~
$16 mil), like I can't see how it could possibly cost any more than
$70 mil (likely much less) for Coliseum or anyone else to gain a majority controlling stake in the company. I really really really hope an insider makes a major purchase soon to bring back some hope. We need that hope.
