10% owner Skaff buys 1,353,625 shares for $1,813,857.50 (2 txns at $1.34); stock -81.0% from 52-week high, company unprofitable
Michael C Skaff, a 10% owner, executed 2 separate purchases totaling 1,353,625 shares for $1,813,857.50 at $1.34/share on 2026-03-31. The company is operating at a significant loss ($-5,400,000 net income in the latest quarter) with minimal revenue ($6,783,000) relative to a market cap of $11,864,299.92. The stock has declined -81.0% from its 52-week high of $6.95 and stands at $1.32 currently, representing a -47.8% decline over the past 90 days. A substantial capital deployment by a 10% owner at a deeply depressed valuation in an unprofitable enterprise represents material insider activity that warrants investor scrutiny of the underlying business fundamentals and the basis for this acquisition.