Scott J. Reiman, 10% Owner at RECOVERY ENERGY, INC. (RECV), bought 50,000 shares at $3.68 ($187K) on 2011-12-20, disclosed to the SEC on 2012-01-10.
Open-market purchase of $187k RECV by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.68 | 5,000 | $18K | 9.8% |
| 2 | $3.75 | 15,000 | $56K | 30.1% |
| 3 | $3.75 | 30,000 | $113K | 60.1% |
| Total | $3.74 avg | 50,000 | $187K | 100% |