Director Buffett buys 152,486 shares for $1,448,617 at $9.50; stock now $12.72; pre-transaction holdings negative
Director Rozek Alexander Buffett executed 2 separate purchases totaling 152,486 shares for $1,448,617.00 at $9.50 on 2024-12-20, a significant transaction that moved his post-transaction holdings to 128,875 shares from a pre-transaction position of -23,611 shares. The purchase price of $9.50 sits 7.9% below the current market price of $12.72 and represents a position built during a 30-day rally of 13.2%. His prior 2 buys at SKYH (2024-10-25 and 2024-10-24) both delivered 19.2% returns over 30 days, establishing a positive pattern at this ticker. However, the company remains fundamentally challenged: latest quarterly revenue was $4,097,000.00 with net income of -$18,554,000.00, reflecting deep unprofitability despite annual revenue growth of 310.6%. This transaction signals director-level commitment to the equity but occurs against deteriorating fundamentals, warranting investor scrutiny of the disconnect between insider purchasing and operational performance.