RE:RE:What CEO makes this excuse for lack of insider buying"The CFO knows the numbers very well, knows Gilles, and has no insider buys over a decade."
She has a job that is dependent on CZO which is a risky microcap company in a risky world. Microcaps can be very risky. The world is risky. Do you want her to lose her job and her wealth in a market downturn until she is on the street? We've seen how volatile CZO's stock can be in a market downturn. What if she lost her job too at the same time? In addition to being dependent on CZO for her job and owning shares she also has 275,000 options, etc. She has kept her options and hasn't exercised and sold them no matter how in-the-money they've been showing commitment. In the end, she's been prudent with her money and hasn't been hit by the worst biotech bear market in history and CZO's main client having gone missing, etc. There is no guarentee PGX will work or the avenanthramide pill be of material value. If owning the shares alone made you exclusively wise Ciao wouldn't have made such a mistake. The CFO was more prudent with the risk than Ciao demonstrating understanding. If she was overcommited to the shares and went over-the-top crazy like Ciao how would that benefit CZO. She has never sold a share.