Steve: We might not go up much in the next few weeks but I think they set the bottom at about a buck. If the stock is getting ready to pop they might have gotten a good deal because there was no way the insiders could have bought that many shares in the open market without driving it to $2 or so with the little float that trades. Some of the insiders bought a substantial amount. These are some of the insiders that never show up in insider buying. They just needed a 6 month bridge tll sales have a major uptick and I think they got it especially if they were able to accelerate a few orders to help out cash even more.
I agree, they still need to execute on their plan, but it's impressive that 9 insiders bought shares during the placement. Especially Mukesh who had been a seller for years, he picked up 250,000 shares. These guys wouldn't do this if they thought there was no chance of success.