RE:RE:RE:RE:RE:Recent Insider Buys[quote=wallpaper2]Most, if not all insiders will be ahead because they paid .10 to.25 cents to a dollar a share for their first one to two million shares. Employees granted shares on joining co and given stock options over and over which dont expire for years and are in the money. Its not hard to look like a hero when all you are doing is putting on a front and trying to stop the bleeding. Insiders know they will eventually cash out and make million$. They dont care if some smuck pays $3-$4 and has to sit on it for a few years. Do you think they may have already made a dime on this. Also...If this board is trash then why do the pom poms keep pumping it?[/quote]
Don't play coy or naive ... the insiders of a company are always given an opportunity to buy cheap stock before its IPO...and they are further granted the opportunity to receive stock options over time....and regarding the end of the day trades (according to Stockwatch) 2100 shares were crossed at 2.35 +0.04 (house 79 - CIBC) and 2200 shares were traded at 2.34 +0.03 (house 79 - CIBC the buyer and house 39 Merrill Lynch and house 59 PI the seller)...so what is your point.....there were also 770,311 additional shares that were traded from a low of 2.11...which some traders took advantage of......I think you have too much time on your hands to complain about this company nobody likes these dips in price ... but you obviously have three choices buy --- sell --- hold .... so make up your mind and quit finding ways to whine about the company ....and this goes for your brother Pruneface...who stated a previous post that his cost base is 0.35