Insiders purchase shares Well the insiders were very active in the new Aurvista financing which is an extremely good sign. McCarvill bought nearly 1.7 milliion shares himself! Two other insiders purchased about 300,000 more shares. So, about a third of the new financing,done at 30 cents/share, was contributed by insiders. I for one will be looking for an opportunity. You can bet that if insiders liked the share price at 30 cents, they will start buying below that share price.
Of course, insiders don't invest this kind of money on a whim. They must truly believe there is huge potential here with a reasonable chance of occuring. Even if the share price gets back up to the IPO price of $1, that would be a 400% return from these share levels. Insiders are probably hoping for more like a 10-bagger.
Chi