Public company executives make a large purchase of 5,000 shares, increasing their stake to 30%

【Crypto World】Armada Mercantile Ltd. CEO Hiam Victor Cohen Saban recently made a move again—on December 3rd, he purchased 5,000 shares of the company’s common stock in one go. This move was significant enough to trigger regulatory filing requirements.

What’s more interesting is that this isn’t Cohen’s first time betting on his own company. Including this purchase, he directly or through trust accounts holds nearly 30% of the shares (approximately 29% fully diluted). What does this ownership stake indicate? It suggests that the chairman still has a lot of confidence in the company’s future.

When asked about future plans, Cohen did not provide a clear timetable, only stating that holding these shares is mainly based on investment logic, and subsequent buy or sell decisions will be adjusted according to market trends and the company’s performance dynamics. In other words, he is voting with real money while maintaining a flexible strategy to respond. Such insider buying is often seen by the market as a positive signal about the company’s prospects.