Huh? Where did you get this idea, livestrong? Sounds like nonsense, but you're free to clarify. Where is this "directive" of which you speak? Even if we grant the existence of such a directive, why are insiders now "free to place orders" while the case is still obviously ongoing?
No insider selling either. Wonder why? Because PIP directors know better than to sell now when they suspect that the shorts will have to pay margin call prices within the next 6 months. Insiders have to wait 6 months between any open market purchase and sale (SEC rule). ~10% of the float shorted is kinda high, given the headline risk, but you're more than welcome to pin the price into my bid.