RE: Insider buying on this one of late This stock is going to zero or $2.00. If they can solve the debt problem and that will take an increase in production, then this stock is heading over $2.00. If they can’t solve the debt crunch with production increases then we are heading for massive dilution and then to zero.
The above is obvious but the resent insider buying suggests that $2.00 is more likely than zero.
I may look for a bottom and a reversal before I add to my position ( I have a lot already and if I miss the very bottom that would be ok). The fact that insiders are buying means that there is no blackout for insider buying and therefore no pending new in the near future. Late this month may be a good time to step in.
Time will tell, good luck to all the longs.
Life Learner