How can you seriously announce that directors ‘intend’ to buy on...

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youngdog

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20/01/22

09:19

Post #: 58996427
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Originally posted by ldisley: ↑

Ah, both buying on Market, what a fantastic look and maybe the approach being used to re-instil trust in GMV management. Either way, looking like my dilution from 500,000 shares to 5,555 may come back to life.

https://seekingalpha.com/news/3789283-gmvd-stock-surges-issues-correction-to-insider-purchase

G Medical Innovations surges; issues correction to insider purchase
Jan. 19, 2022 12:20 PM ETG Medical Innovations Holdings (GMVD)By: Dulan Lokuwithana,SA News Editor

JuSun/iStock via Getty Images

The micro-cap healthcare company G Medical Innovations (GMVD+53.2%) has continued its recent momentum to add more than athird in value on above-average volume after announcing a correction to a prior disclosure on an insider purchase of company shares.
Last week, G Medical(NASDAQ:GMVD)said that Dr. Yacov Geva, CEO of the company, and Michael McDade, CEO of its partner, McDade Products, had bought anundisclosed number of company shares.Issuing a correction today before the open, G Medical (GMVD) announced that Geva and McDade both expect to makethe purchase in due course.
“Dr. Geva and Mr. McDade each intend to acquire stock in the open market following the announcement, during the next available trading window,” G Medical (GMVD) said.
Early this month, G Medical (GMVD) announced its partnership with Pittsburgh,PA-based McDade Products.
Now Read:G Medical Innovations forecasts incremental Q1 revenues at $30M

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How can you seriously announce that directors ‘intend’ to buy on market. Laughable.
GMV Price at posting: 3.9¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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How can you seriously announce that directors ‘intend’ to buy on...

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