Liu Yumei (10% owner) bought 542,517 shares at $1.47 on 2024-07-18; stock now down -89.3% from 52-week high
Liu Yumei, a 10% owner of NuZee, purchased 542,517 shares for $797,499.99 at $1.47 on July 18, 2024, increasing her holdings by 648.8% from 83,615 shares to 626,132 shares. The purchase price of $1.47 is well above the current price of $1.03, and the stock has fallen 89.3% from its 52-week high of $9.60. Against a backdrop of company unprofitability ($-1.7M net income in the latest full year), negligible quarterly revenue ($605.8K), and a tiny market cap of $1.3M, this substantial insider accumulation occurred at a price level that has not held. The magnitude of this buy—nearly 650% increase in position size—stands out, but its timing relative to the subsequent sharp price decline is a key consideration for investors evaluating whether this represented an assessment of value or a near-term top.