Quantum Materials Corp (NASDAQ:QTMM) CEO Stephen S

Quantum Materials Corp (NASDAQ:QTMM) CEO Stephen Squires sold 253,632 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $0.05, for a total value of $12,681.60. Following the completion of the sale, the chief executive officer now directly owns 19,789,484 shares of the company’s stock, valued at $989,474.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Quantum Materials Corp (NASDAQ:QTMM) traded up 1.527% during mid-day trading on Friday, hitting $0.133. The stock had a trading volume of 173,482 shares. The stock’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.13. Quantum Materials Corp has a 52-week low of $0.09 and a 52-week high of $0.22. The firm’s market cap is $43.10 million.


So He owns $989k worth now and sold the shares he did own for $12k and at only .05 a share when it was at .12-.14 last 5 days is it coincidence that puts him at less than $1M of shares? Has to be something to do with it right? Is there some sort of relevance to the fact he now owns less than $1M worth of shares? Some sort of big play coming? I'm new to all of this so any feedback is welcomed. I have a lot of faith in QMC after all I've read over the last 3 months