CFO Cabo Agustin buys 50.0K shares of BLTH at $0.05; stock up +100.0% (30-day)
CFO Cabo Agustin acquired 50,000 shares at $0.05 on 2024-11-06, his first holdings in the company, in a $2,650.00 transaction. The stock has surged +100.0% over the past 30 days and +150.0% over 90 days from a 52-week low of $0.16, though it remains -28.6% below the $7.00 high. This buy occurs in a company with severe financial distress: latest quarter revenue of $49,773.00 paired with net income of $-627,264.00, and full-year net income negative. Annual revenue has contracted -93.8% year-over-year, and market cap stands at only $59,659.34. The transaction's timing relative to the recent price recovery and the company's severely deteriorated fundamentals merit investor attention to whether the CFO's entry signal confidence in a turnaround or reflects other strategic considerations in a deeply challenged business.