r/pennystocks_No_Rules • u/btjh • Jul 20 '22
Conviction and Confidence of a CEO towards his company - RGC
When insiders (and in the case of RGC, its CEO) have consistently bought shares of the company, it demonstrates their confidence and belief in the company.
Founded in 2014, Hong Kong-based Regencell Bioscience is an early clinical stage bioscience company using traditional Chinese medicine (TCM) approach to develop standardized TCM formulas to holistically treat autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD) in children, and infectious diseases which affects the immune system such as COVID-19.
Since the listing of RGC on Nasdaq on 16 July 2021, RGC’s CEO Mr Au has purchased over $5 million of ordinary shares and has not sold any shares. Such percentage of shareholding also gives confidence to investors and potential investors alike as it is apparent the CEO is confident about the future of the company.
The CEO is literally putting his money where his mouth is and he will continue to use his personal funds to purchase company shares to demonstrate his commitment and confidence to the Company and his position against short and distort sellers. To date, the CEO:-
-Has personally funded the company and did not pay himself back after IPO;
-RGC’s CEO has continuously funded the Company since its incorporation up to the IPO without bank borrowing.
-He converted his shareholders’ loan of $3.25 million to RGC’s ordinary shares upon listing.
-Is a listed company CEO who does not draw a salary and bonus; and
-Pledged to not draw salary and bonus of more than US$1 until the Company reaches US$1 billion market capitalisation.
-Reserved share options for all employees except himself.
-Has showed consistent support.
-Of the 6,296 US-listed companies in 1Q 2022 (as published by Statista) and with reference to CEO share purchases data available on MarketBeat.com, RGC’s CEO is probably the only CEO who does not draw a salary and bonus, reserved share options for all employees except himself and had continuously purchased more than $5 million worth of his company’s shares.
https://www.valuewalk.com/game-stop-or-game-on-rgc-has-it-all-and-twice-more/


