He's not alone in buying and selling. If he sells some to buy...

He's not alone in buying and selling. If he sells some to buy more at a better price, well done.

Fact is, he's been a net buyer/accumulator since joining the register in 2017:


2017: 16,657,786
2018: 32,928,064
2019: 73,453,574
2020: 109,515,617

Forget the noise. Question is, why?

He can't shift 100 million shares on market. So he's banking on significant monetization event(s). What form that takes remains to be seen.

From the March CEO Update:

Over the balance of 2020 we are focused on delivering a number of key technology, product, and
market development milestones that we believe will provide tangible share value inflection points
for the Company. Further capital may be raised as these milestones and potential value infection
points are achieved from both strategic and other investors.

IMO the market hasn't recognized the recent wearable sensor developments for what they are - value inflection points. Especially the market development milestones.

Perhaps that's what is happening now. Perhaps they will become more visible if/when CDX raises capital from a strategic investor.