VBIO: two questions.   1. How

    VBIO insider

    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.

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