Insiders sell shares, the main shareholder buys. What is happening in Sławomir Mentzen's company?
In the realities of the capital market, this is a serious problem – persons having access to confidential information should report such operations immediately.
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As “Rzeczpospolita” writes, the disclosed data shows that Sukacz sold a total of 3,000. shares in several tranches, bringing the price down from around PLN 33 to just under PLN 29. The value of the transaction amounted to just under PLN 90,000. zloty. The sale itself would not be extraordinary if it were not for the timing of the information. The company argues that it complied with its obligations under the MAR regulation and the delay was the result of the obligated person's failure to notify.
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The Polish Financial Supervision Authority is looking at the hands
In response to questions from “Rzeczpospolita”, the Polish Financial Supervision Authority emphasizes that it is taking steps to publish overdue reports and is analyzing cases that may constitute a violation of the regulations.
“There are therefore many indications that the culprit in this situation was not the company. It could not provide information about transactions in its shares if it did not know about them, because it did not receive any notification from the insider.” – writes “Rzeczpospolita”.
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This is not the first such case
As “Rz” reminds, this is not the first situation in which investors learn with a delay about the movements of people associated with the company. Previously, a similar problem concerned the purchase of shares by a family foundation associated with the president – then it was also explained by an information omission.
This time there is another element. During the period when one of the insiders sold shares near local lows, the main shareholder increased its involvement. His purchases at the end of December coincided with a dynamic increase in the price, reaching approximately one third of its value. This operation also came under the surveillance microscope.
Price swing since debut
As “Rzeczpospolita” reminds, the whole story takes place against the background of high price volatility since the company entered NewConnect. The debut brought strong increases – from PLN 36 to almost PLN 72 – followed by a long-term downward trend and a decline in the price to around PLN 27-28 in the second half of 2025. It was during this period that some insiders decided to make transactions.
Currently, quotations are above the December low, but still significantly below historical highs – are at PLN 32.
Restructuring and the fight for profitability
At the same time, the company is simplifying its structure, reducing fixed costs and renegotiating contracts with external partners. The effect is an improvement in financial results despite the decline in revenues, which is to create the foundation for scaling the consulting business.
