Harvest Natural Resources sells 1.7M shares at $3.15, insiders buy 246K shares


Liquidity-constrained Harvest Natural Resources (HNR -6.1%) sells 1.7M shares at $3.15/share to 12 purchasers (a 7.1% discount to today's close). (8-K)

6 officers and directors purchased 246K of the shares.

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Comments (3)
  • GoodorBad
    , contributor
    Comments (3) | Send Message
     
    Is this a bad sign?
    27 Nov 2013, 07:10 PM Reply Like
  • Paul Price
    , contributor
    Comments (1503) | Send Message
     
    The company had previously said it might not be able to continue as a going concern.

     

    The money from the offering will keep it alive for a bit longer.

     

    It is not a good sign.
    28 Nov 2013, 09:39 AM Reply Like
  • tommiewatts
    , contributor
    Comments (7) | Send Message
     
    Whenever the insiders buy their stock it can only mean they think its going to go up!
    28 Nov 2013, 10:09 AM Reply Like
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