RE:RE:RE:RE:RE:ALERTS - Insiders buying large like CEO KanaanDurng the run-up in mid/late June from $1.35 to $1.72, volume was high over these days, and I got out just off the high..after volume dropped. I investigated who was buying...the same Richard Hale was purchasing at these prices..So, if he was accumulating in the $1.40/1.50/1.60/1.70 range (not sure of exact price he purchased), and still accumulating at today's prices...there must be something the company knows which they can't reveal right now. At least he was of the view that $1.40- $1.70 was a fair price at the time (minus the NHL deal - he must of known about that!).
So, Im buying again...I made a killing at $1.65...thought the company was worth about $1.20ish and unfortuantely put a smaller bid in at that level, just as the knife was falling on Augsut 4...oh well still above water on this stock, and averaging down.
BTW...by my calculations, insiders have 78% of shares(4-traders) - not sure if new purchases are in these figures.