Good News..Norbert Insider buyingOn November 15 Norbert purchased on the open market 50,000 shares at prices ranging from
0.285 to 0.29. On November 16 he purchased another 50,000 shares on the open market at prices ranging from 0.28 to 0.31.
Ii would appear that, in both instances, his purchases were timed and filled in such a way as to keep the price UP...and not down.
Here are some possible motivators for these purchases:
1. Demonstrate his strong believe in the company's future;
2. Attempt to enhance shareholder value by buying on the open market;
3. Positive news to be announced in the near term.
I will take any or all of the above 3. I would not expect Norbert to be buying shares on upticks in order to control or influence any options issue price; of course, so far (noon EST) there has not been any options event documented on SEDI.