RE: and moreInsider buying is positive, but likely means WED is still a few months away from announcing some sort of restructuring of assets. Insiders would not likely be snapping up shares just before an announcement, as this would likely get the attention of regulators. Although this did not seem to bother Owen as he dumped most of his shares last year prior to bad news. But then again he was probably asleep while the bad news of delays was being discussed during BoD meetings and was selling for other reasons. Nothing more than a lucky break.
If Owen starts buying it will be a real positive, although unlikely given the fact he probably does not want to highlight his name for regulators. He has nothing to worry about in Canada, but remember WED was listed in the US so they could still come after him. Let's see....he sold 1.7 million for around $2 saving himself around $3 million. Hmmmmmm.... that is almost half as much as Conrad Black was convicted of stealing and he got 6 years.