Have you all even taken a look at the website? It's like a 4 year old put it together. You honestly think the management team gives a #$%$ about whether or not they make you any sort of return. They care about 2 things: 1.) Continuing to make large salaries so they can support their lavish lifestyles, and 2.) Making the product work. With this, there comes massive dilution though because the company is bleeding cash. I think a fair value of this is around $2.25. I'm sure it will run much lower (and I hope it does because I'm currently short), but it will run back up right before next quarter's earnings. This is a classic day trading stock, and is only meant for day trading. Insiders buying 5,000 or so shares means nothing. They make large 6 figure salaries. They could care less if they lose $6,000 on a small investment of a #$%$ shoot" company. Biotechs are a gamble, and this is no different than any other bio tech. Flip a coin. 50/50 shot you'll make money if you're LONG.
They don't need cash and you know it. Stop misleading people. They are burning about $2 million per quarter and have almost $8 million cash. They have enough cash for another full year and they are already selling their product. You figure it out.