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EdgarHawk

GORDON MICHAEL S

10% Owner

10% Owner
2 filings analyzed · 1 company · Latest 2024-09-18

Companies

Company Buys Sells Direction
ProMIS Neurosciences Inc. PMN 4 0 Net buying

Activity

September 2024
medium
Buy
93,223 shares
$116,880
Significance 5/10

10% Owner Gordon Michael S buys 93,223 shares at $1.25 avg; stock at $31.00 vs. 52-wk high $70.25

Gordon Michael S, a 10% owner, executed 2 separate purchases totaling 93,223 shares for $116,880.03 at a blended average price of $1.25 on 2024-09-16 and 2024-09-17. The stock currently trades at $31.00, representing a 55.9% decline from its 52-week high of $70.25, and is down 20.0% over the past 90 days. His prior trade at PMN (a buy on 2024-07-31) produced a -4.8% 30-day return, and his cross-ticker track record shows 1 prior buy with an average 30-day return of -4.8%. The company is unprofitable with a full-year net income of -$2,623,657.00. The timing of this accumulation follows a significant drawdown in stock price but occurs within an ongoing downtrend, and prior purchase patterns at this ticker have not yet demonstrated positive outcomes at measurable intervals.

August 2024
high
Buy
465,116 shares
Significance 7/10

10% owner Gordon Michael S acquired 465,116 shares of PMN, raising stake to 2.08M shares (+28.9%), as stock down 57.1% from 52-week high amid cluster buy pattern

Gordon Michael S, a 10% owner of ProMIS Neurosciences, purchased 465,116 shares on 2024-07-31, expanding his holdings by 28.9% to 2,075,629 shares post-transaction. This buy occurs within a cluster pattern where 2 other insiders also purchased within the past 14 days, suggesting coordinated confidence at a time when the stock trades -57.1% from its 52-week high of $77.50 and has declined 32.1% over the past 90 days. The company reported a net loss of $-3,635,088 over its most recent full fiscal year, meaning the purchase comes amid unprofitable operations. The derivative-conversion flag indicates this transaction involves a conversion of derivative securities rather than a straightforward open-market buy; the insider's complete position cannot be assessed from Table I alone, and investors should review Table II derivative holdings for full context.

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