Heng Jing Lu, Chairman of the Board, 10% Owner at NEW DRAGON ASIA CORP (NWD), bought 20,000 shares at $0.39 ($8K) on 2008-09-15, disclosed to the SEC on 2008-09-17.
Open-market purchase of $8k NWD by Chairman of the Board, 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 | $0.38 | 800 | $304 | 3.9% |
| 2 | $0.38 | 1,700 | $646 | 8.2% |
| 3 | $0.38 | 2,200 | $836 | 10.7% |
| 4 | $0.38 | 2,500 | $950 | 12.1% |
| 5 | $0.39 | 2,500 | $975 | 12.5% |
| 6 | $0.40 | 10,300 |
| $4K |
| 52.6% |
| Total | $0.39 avg | 20,000 | $8K | 100% |
| Filing → |
| NWD | SELL | 2009-06-10 | $40K | — | Filing → |
| NWD | SELL | 2009-06-09 | $56K | — | Filing → |
| NWD | SELL | 2009-06-08 | $21K | — | Filing → |