Interim Executive Chairman purchases 50,000 shares at blended $1.00; stock trading -86.3% from 52-week high amid $-46.7M net loss
Morgan Lee Lekstrom made 2 separate purchases totaling 50,000 shares for $49,750.00 on 2026-06-12, increasing his holdings by 16.2% to 359,500 shares. The purchases occurred at prices ($1.01 and $0.98) near current levels ($1.02), but within a context of severe price deterioration: the stock is -86.3% from its 52-week high of $7.44. The company reports revenue of $13,000.00 for the latest quarter and a net loss of $-46.7M over its most recent full fiscal year, indicating substantial unprofitability. At the same ticker, Lekstrom's prior measurable buy from 2026-02-18 delivered a 90-day return of -52.4%, and across his cross-ticker open-market history, his 11 prior buys averaged a 90-day return of -62.9% with a 0.00% win rate. The current purchase adds to a pattern of frequent recent accumulation at STEX (4 prior buys within the past three weeks) against deteriorating fundamentals and a dismal prior trade-outcome record.