RE:Insider Buying over past year and Total Insider Holdings
In June 8 directors each received 21,161 shares of FCU for "Compensation for services".
Four of the directors that is all the stock they own, they have NEVER bought a share in the open market. 1 other director owns 54,861 shares of which at least the 21,161 shares were given to him. Pitiful.
And yes three directors have decent size positions, I have no idea how many shares were founders shares (which is ok), or purchased in the open market or given to them in one form or another.
I stand by what I said earlier, we are not seeing any meanful open market purchases by any insiders and 5 of 8 directors have very modest positions only because they received shares from the company.
The company spends hundreds and hundreds of thousands of dollars promoting this stock and they can't even convince themselves to buy it.
I would have to go back and check but if memory serves me correctly the company was spending about $5000 per day on promotion related expenses and salaries. It may be less now but probably not by much.