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The9 Limited Message Board

  • bullbearyikes bullbearyikes Jan 28, 2014 10:54 AM Flag

    Lets see if CEO buys more on his 5mill insider buy

    He said he was going to buy 5ill on NCTY stock- I only see about 500,000$ so far.

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    • Its the opposite of what people think- The speculations is: the reason he is not buying any more shares is he is thinking of taking the company private. The CEO can't buy shares in the open market at say 2.30$ then a month later take it private at 3$-That buy would be insider buying and his lawyers are telling him that- thats why no insider buying. Common sense if he had no plans on taking it private he would be buying shares down here. So if you see more insider buys thats a signal company is doing great and he has zero plans on taking it private.

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