He bought 2,800 shares CLSN at $3.59. The CEO continues to add to his holdings. He has never sold any stock in CLSN.
At Pacific Biosciences (PACB), a filing with the SEC revealed that on Thursday, Chairman Michael Hunkapiller bought 200,000 shares of PACB, for a cost of $3.61 each, for a total investment of $721,680.
Please is there something wrong here...GLTA, God need believers with faith. Btw where is Rosalea...in the kitchen ?
What you say is possible, but only if the insiders have been conspiring for 4 years to bait the hook. Thankyou Celsion _truth for pointing out the timeline of IB.
Game theory disagrees with anhtexas291 - as the price climbed up to its high of $9 the insiders should have sold if they were in fact baiting the hook.
Go to Insider Cow website and type in CLSN. You will see only insider buying for 4 years. No sales. Tardugno owns 228,000 shares, almost all were open market buys. He adds frequently. This is an incredible vote of confidence for CLSN by management and all insiders.
Even if the CEO buys 1 million shares people will still think its not enough to prove anything. There is no point in appeasing the bashers. The Celsion team has many smart members all willing to stick their necks out to prove their commitment to Thermodox and Celsion.