Do insiders feel ivan is cheap and why won't they buy?
The problem that I am having is that the only person that has thrown a little bit of money in the stock is Friedman. Carlos makes 3.5 million a year and only invest the absolute minimum legally allowed.
Some insitutions have bought.
Need news of funding from partner, period. If I were a fund manager I would hold off on ivesting my clients' money into this company until there is news confirming this company has the money to proceed with commercialization of either Tamarac or Ecuador. This is the catalyst institutions are waiting for to buy IVAN period, no doubt, so when it happens, we will see big volume days and rapid SP upward movement.
I don't think the money matters because Ivan will not raise 1.3 billion to develop Tamarack IMO. The key is regulatory approval of Tamarack, which will give oil in the ground enough value that the company can sell itself off for $3 a share. Given the company's track record, I don't think approval of Tamarack is expected at all. No way the stock would be at .78 if it was.