RE:went through insider reports last night, no major alarmsCan't say that I agree with you on this topic Uograd. I have been alarmed ever since Chad started to sell. All other insiders don't matter much, except of course CF. Having said this, I have stayed in, breaking one of my principal trading rules.
I have had great respect for Chad for many many years having listened to many of his presentations. He struck me as straight up and honest kind of guy. I think that he may still be, but something smells here IMHO.
Likely, CF became overconfident before he had enough solid evidence. His whole team sells their entire positions because they knew the results at that point did not support $6-7/sh. So this went from CF street talk of a 'sure thing' , raise some money, then now back to 'we hope we can find it' when I, and likely many others, thought they already had it.