Do they know something? 3 X non exec Directors (Board Members) loading up on the positons

Found this Company Yesterday purerly of the commsec heat map having a big day +50% for the day. Sparked my interest so looked further into the company and found :

Top of $2.05 ish back on 12th March 21

Technically speaking I beleive its roughly at its bottom. After yesterdays big jump, its now at 0.33 with what seems to be a high conviction from the boards memebers buying in. I beleive it will now drop back to test the 0.26 to 0.24 mark and from there time / charts will tell.

3 X non exec Directors (Board Members) loading up on the positons

Michael Melby - adding 25% from 3m to 4m shares Edward Greissing - from Nil to 700k of Options

Nicholas Prosser - adding 1m from 5.5m to 6m shares

Also foud a recent (Feb2022) institutional purchase by The Bank of New York Mellon Corporation (BNYMC) increasing its position from 19.7m to 24m then back down to 22.7m roughly week later (Obvious short term play, they lost) now holding 13.6% votes.

Ill leave the valuation to someone else as Im still learning there. It does have a Debt to Equity of 117% according to Commsec so obviously its a risky play however wouldnt surprise me if the market has hit it hard as that seems to be the case for most growth stock currently.

Will I buy it? maybe just for a spin of the roulette wheel with couple of coins. I will give the Balance Sheet and P&L a look over to confirm its risky and also do some background work on the company. Another fact, its also listed on the NASDAQ as well as ASX

Play safe, the sands wet.