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Affymax, Inc. (AFFY) Message Board

  • leonia5pbb leonia5pbb Mar 24, 2013 1:13 PM Flag

    Why does it say 0% of the shares held by insiders here?

    Click onto major holders and it says ZERO!!

    Who buys a stock where the people who work for it own no shares?

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    • Yahoo does not show 0%; But also did you notice that a whopping 91.7% is owned by institutions ? That is why the insiders have such a low ownership because the big money institutions bought nearly all the shares when the drug was in development stages in return for funds to get the research and the company going. May be that is one reason why the CEO is purposely imploded the share prices in order to buy back some of those shares on the cheap?

      Sentiment: Strong Buy

 
AFFY
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