$Paranovus Entertainment Technology (PAVS.US)$ ð¥ 6 - K ð¥
This is an INSIDER BUY â Not a Public Offering
The company sold 40,000 Class B shares to Happy Group Inc., which is 100% owned by the Chairwoman, Minzhu Xu.
This is the Chairwoman personally putting more money into her own company.
That is insider confidence, not insider exit.
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She Paid a PREMIUM â 150% of Market Price
Purchase price: $3.09 per share
That equals 150% of the Jan 8 closing price
This is extremely important psychologically and strategically.
Most insider buys are:
⢠at market price
⢠or at a discount
She voluntarily paid 50% MORE than market.
This signals:
⢠She is not trying to cheap-load shares
⢠She is supporting the stock
⢠She is sending a message of confidence
Insiders do not overpay unless they believe:
⢠future valuation will be higher
⢠or major developments are coming
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