Carl MERTON

Carl MERTON discloses dealings in Aphria Inc. (formerly, Black Sparrow Capital Corp.) to SEDI. In total, 8 filings cover trades dated from 1 March 2017 to 21 April 2020.

In open-market terms, that means 2 purchases worth €25k on one side and 1 sale worth €90k on the other. On balance, insiders were net sellers of €65k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Besides market trades, the filings include 4 option exercises.

Most recently, on 23 April 2020, the filings show an option exercise worth €32k in Aphria Inc. (formerly, Black Sparrow Capital Corp.). The clock since the last published purchase (3 December 2018) now reads 2,882 days. Filings reach the SEDI feed a median of 2 days after the trade. This delay matters because a trade only becomes useful information once it is public. Source: insider filings from SEDI. Past trades are no guide to future returns.