Insider Quiroga Cortes purchases 190,000 shares at $0.25–$0.26 amid -87.0% decline from 52-week high; 5 FTCI buys in past week signal continued accumulation.
Quiroga Cortes executed 2 purchases totaling 190,000 shares for $47,800.00 on consecutive days (August 19–20, 2024), increasing his holdings by 190,000 shares (+8.4% vs pre-transaction holdings of 2,251,740 shares) to 2,441,740 shares post-transaction. This purchase came at prices of $0.25 and $0.26, while the stock currently trades at $2.68, down 87.0% from its 52-week high of $20.70 and down 29.7% over the past 30 days. The timing is notable given that this transaction is part of a cluster: SAME-TICKER HISTORY reveals 5 prior buys at FTCI within the past week (August 13–16), all occurring as the stock has collapsed. However, cross-ticker track record data (6 prior buys, 1 prior sell) shows none of his measurable outcomes demonstrate well-timed execution, and same-ticker timing pattern shows 0 of 0 prior buys were well-timed at the 90-day mark. Fundamentals show the company is unprofitable with net income of $-12,241,000.00 against revenue of $11,430,000.00 in the latest quarter, adding context to the depressed valuation at which the insider is accumulating shares.