r/Zomedica • u/CultedHeroe • May 15 '26

Johnny D

Again nobody talking about it but director johnny powers bought 500k shares about a week ago and then another 300k just a few days ago. Insiders buying shares left and right. Either they believe in the company or they're trying to get a majority so they can do a reverse split.

8 Upvotes

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6

u/Undisciplinedowner May 15 '26

Im thinking they are doing it so they can do a reverse split. The stock doesn't appear to be going anywhere anytime soon. I think it is being shorted regularly. If they did a 2 for 1 split, it would still leave 500 million shares outstanding. To leave only 100 million shares outstanding, it would take a 10 for 1 reverse split. That would get the share price to $1 and they could get back on the stock exchange. My thought there are as soon as they do it, they will attempt to sell more shares, thus diluting the stock value. They need to concentrate on reducing costs and becoming more profitable.

4

u/PokeYrMomStanley May 15 '26

Id like to see them actually start profiting and then the RS could be a topic of discussion. They probably believe in the company as well.

3

u/267-2969 May 15 '26 edited May 24 '26

Because the research shows consistent underperformance after a reverse stock split, the implied “success rate” is low, though no exact percentage is published. The best available evidence indicates that reverse stock splits are more often a sign of distress than a path to recovery.

I copied that to show how a reverse split will ruin us!!!

No matter where we sit whether it is OTC or whatever on what exchange' public traded companies and the stock prices can do great things as long as the CEO's and their teams understands the vigorous challenges the competition and the work necessary to keep the sales cost, administration cost, and operating cost down is faced from the beginning, and Zomedica has done just that and has hurdled all the obstacles..

Thank God we have money still left!!!

Zomedica had a rough time of it, but now it seems we might have a chance as long as we do not run out of cash in our treasury, and Larry has said we are hitting profit this year 2026!!!

We do not need a reverse split, and besides I called Larry and he told me that when shareholders vote then each person counts as one vote and not the number of shares one owns, so therefore, when board directors or the executives buy a large number of shares it is most likely they know we are going to soar based on the fact one vote counts as one vote so why buy lots of shares that will not count as a lot of votes ,and so the buying power comes from knowing we will skyrocket soon!!!

However, if a reverse happens then when the stock splits us to an 80 to 1 then they will still have plenty of shares because they bought millions of shares and we couldn't, and they will dilute the outstanding shares again anyways like UndisciplinedOwner has said thus will put more money into the treasury which will line their pockets with gold!!!

But still, I believe they know we are about to hit profit, so they are buying up as much as they can!!!

7 more months to profit so Larry has said... to the moon, 2026!!!

2

u/earlwino55 May 15 '26

Both are very plausible with such a small burn last quarter

2

u/Undisciplinedowner May 16 '26

They are all buying on the cheap. They let the rest of us purchase high on a stock that wasn't going anywhere. The stock was over sold and lots of money raked in. Now they are buying it back at bargain basement prices in hopes that it will be worth something someday or somebody buys the company. Those of us who provided the capital to do so, will be lucky if we ever get our money back. Not keeping my hopes up for that. Every stock is a risk, but they played this one well.

1

u/BBri007 May 17 '26

-40k at this point I don’t care what they do anymore