RE: RE: small insider buy todayNo argument there, energyweb. But I just read the news, I don't make it. :)
Still, there's got to be a reason Jeff (I'm assuming this latest purchase was by Jeff) is buying very small lots on the open market. He did the same thing in mid-January buying 9,000 shares in lots no bigger than 3,000 shares, priced between $1.61 and $1.72. Those shares are still under water, and the 110,000 shares he bought @ $1.45 on the open market in late December are basically flat
So why the latest 1,000 share purchase? And of note, no selling.
Of even more important note: We're past the halfway point of this quarter and we haven't heard anything re: buyback price. In the original release it said the specifics of the buyback plan (including the price) would be released in this quarter. About 6 weeks to go...
Cheers,
El Joro