viewLoop Insights Inc.

Loop Insights CEO Rob Anson hails strong insider support

Anson, along with Loop’s COO, CTO and several directors, have invested in the firm’s latest financing and bought shares in the open market over the last few months

Loop Insights Inc. -
Around 40% of Loop's stock is currently owned by insiders

Loop Insights Inc (CVE:MTRX) CEO Rob Anson told shareholders on Tuesday that the artificial intelligence firm’s insider commitment is “very supportive and strong".

According to the Vancouver-based firm, no insider has sold a share of the company since it went public in June 2019. Around 40% of the stock is currently owned by insiders, most of which have escrow restrictions from four to 36 months.

READ: Loop Insights unveils partnership with German digital wallet pass developer

"The last few months have been extremely positive for Loop, and with the recent completion of our $2.1 million financing, we are 100% committed and focused on execution, and delivering long term shareholder value,” Anson said in a statement.

“No insiders have sold any shares since the company has been listed, and there has been continued participation in both the open market as well the company's latest financing," he added.

Anson, along with Loop’s COO, CTO and several directors, invested in the firm’s latest financing and bought shares in the open market over the last few months, according to the company.

Loop said it is “strategically focused” on reducing capital expenditures through streamlined staffing and operational efficiencies.

“As we transitioned the staff to remote working-from-home, we are now seeing a high level of performance coming from the team,” it told investors.

“It has also allowed us to streamline the operations, creating significant optimization. And in a strong show of support, the senior management team has elected to take a 25% deferral of their salaries to help preserve and keep the company in a strong cash position,” the group added.

Loop Insights provides artificial intelligence solutions to retailers and brands.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Loop Insights Inc.

Price: 0.145 CAD

Market: TSX-V
Market Cap: $9.21 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Loop Insights Inc. named herein, including the promotion by the Company of Loop Insights Inc. in any Content on the Site, the Company receives...



Loop Insights launches cloud-based software platform with new features like...

Loop Insights (CVE: MTRX) CSO David Salisbury joined Steve Darling from Proactive Vancouver with news the company has launched "Loop Cloud" or an application programming Interface cloud product. Salisbury telling Proactive about the many features of this new program and how it can really...

1 week, 2 days ago

2 min read