Richard A. Frandeen, Director at SUPERTEL HOSPITALITY INC (SPPR), bought 4,050 shares at $0.72 ($3K) on 2011-11-21, disclosed to the SEC on 2011-11-22.
Open-market purchase of $3k SPPR by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.70 | 500 | $350 | 12.0% |
| 2 | $0.72 | 1,000 | $720 | 24.8% |
| 3 | $0.72 | 2,550 | $2K | 63.2% |
| Total | $0.72 avg | 4,050 | $3K | 100% |