Ltd Sanlam, 10% Owner at Millennium India Acquisition CO Inc. (SMCG), bought 253,506 shares at $0.80 ($195K) on 2009-04-28, disclosed to the SEC on 2009-05-07.
Open-market purchase of $195k SMCG 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 | $0.75 | 153,620 | $115K | 59.0% |
| 2 | $0.80 | 9,986 | $8K | 4.1% |
| 3 | $0.80 | 89,900 | $72K | 36.9% |
| Total | $0.77 avg | 253,506 | $195K | 100% |