VBIO - Chart Link - for a 50 cent stock
that's a HUGE buy by the 10% owner, a purchase of over $2M at 0.46
cents. Normally you see sizes like that for $10 - $50 stocks.
1. How do you consider buying a stock like this with daily
volume of 20K-30K?
2. How does anyone buy $2M worth of stock when volume that day
looks like it was less than 100,000 shares? Exercising options?
Direct purchase from the company?
Richie: Good question, I suggest you always take a moment to
examine the SEC filings for more details (See Edgar
Search)
Below is the explanation of the transaction.
The additional Common Shares reflected on this Second Amendment
were acquired by Paragon Small Cap Fund I, L.P., an Ohio limited
partnership (“Paragon”), from certain shareholders of the Company
in a privately-negotiated transaction in exchange for $2,025,000.
The funds used in making this purchase came from Paragon’s working
capital.
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VBIO insider
Posted by matt on 2nd of Apr 2019 at 11:51 pm
VBIO - Chart Link - for a 50 cent stock that's a HUGE buy by the 10% owner, a purchase of over $2M at 0.46 cents. Normally you see sizes like that for $10 - $50 stocks.
VBIO: two questions. 1. How
Posted by RichieD on 3rd of Apr 2019 at 07:10 am
VBIO: two questions.
1. How do you consider buying a stock like this with daily volume of 20K-30K?
2. How does anyone buy $2M worth of stock when volume that day looks like it was less than 100,000 shares? Exercising options? Direct purchase from the company?
Richie: Good question, I suggest
Posted by steve on 3rd of Apr 2019 at 08:28 am
Richie: Good question, I suggest you always take a moment to examine the SEC filings for more details (See Edgar Search)
Below is the explanation of the transaction.
The additional Common Shares reflected on this Second Amendment were acquired by Paragon Small Cap Fund I, L.P., an Ohio limited partnership (“Paragon”), from certain shareholders of the Company in a privately-negotiated transaction in exchange for $2,025,000. The funds used in making this purchase came from Paragon’s working capital.