Are insider buys even possible? Here's another factor to consider about insider trading and company buybacks:
Is it even possible for LLEN execs (and the company) to buy shares in the face of acquisitions?
This company is building itself using acquisitions of mines and other coal-associated businesses (most recently, a sales company).
If acquisitions are in the works, then any company buyback or executive trade that's followed a few weeks later by an acquisition or major expansion announcement might conceivably warrant a charge of insider trading on material non-public information.
If I'm correct, then the lack of insider and company buying actually has two possible reasons:
1) Lack of commitment by management
2) Impending material news
There is no way to know which of those two is correct.