Trader sale going as planned, div. Cut in the works, shorts will start to cover, positive cash flow and debt reduction still with healthy dividend at share price 4.00............ buy buy buy wont get much lower price now....
They are not buying common as a sign that they are about to cut the dividend to save the company from debt problems and business transformation. Management is slow to act but the market is making the stock fall more than the dividend. Warning signs
remember insider buying if different than what the company is doing in their buy back program. Insiders buying is just them voting with their own cash. Insiders bought 600k shares much higher three weeks ago. Company buyback has likely been every day and more when they get trader proceeds by alot.
Small but two days ago insider bought 4k shares. Am sure he didn't do it with intent to lose. Also am guessing insider buying picks up now.
I think the preferred buying you see is the company also since they look like the size limits allowed by rules