Off-market insider buying at Spectra7 Microsystems (SEV)

Off-market insider buying at Spectra7 Microsystems (V:SEV)

Ronald James Pasek, a Director, acquired 14,000,000 Common Shares on a direct ownership basis at a price of $0.025 through a prospectus or prospectus exempt offering on May 22nd, 2020. This represents a $350,000 investment into the company's shares and an account share holdings change of 31.1%.

At the same price, Robert Dobkin, a Director, acquired 11,200,000 Common Shares on an indirect ownership basis for registered holder Dobkin 2011 Living Trust. This represents a $280,000 investment into the company's shares and an account share holdings change of greater than 100%. John Vettese, a Director, acquired 11,200,000 Common Shares on an indirect ownership basis for registered holder John P. Vettese Professional Corporation. This represents a $280,000 investment into the company's shares and an account share holdings change of greater than 100%. Finally, Roger Maggs, a Director, acquired 5,600,000 Common Shares on a direct ownership basis. This represents a $140,000 investment into the company's shares and an account share holdings change of greater than 100%.

Spectra7 Microsystems is in the Semiconductors Sub Industry Group under the Technology Sector.

Spectra7 Microsystems Inc. is a Canada-based consumer connectivity company. The Company delivers bandwidth, speed and resolution to enable industrial design for consumer electronics manufacturers in virtual reality (VR), augmented reality (AR), wearable computing, data centers and ultra-high definition (HD) displays. The Company operates through the semiconductors segment. The Company's VR products include the VR7050. AR-Connect is an AR interconnect product line. AR-Connect enables AR glasses to connect to a smart phone, processing device or a desktop graphics processing unit (GPU)/laptop processing unit, with a single link. Its DreamWeVR product line includes over four chips, VR-specific connectors and over three head-mounted display (HMD) interconnect configurations. DisplayDirect is a semiconductor product or chip set. The Company's HomeTheater product line consists of a series of semiconductor chips and associated embedded modules.