Two insiders have made purchases on August 19, 2011:
Arborview Advisors Purchased 50,000 shares, and now have 36,044,498 shares. Their ownership in Alliqua is greater than 10%.
Steven Berger, Officer & CFO, purchased 140,000 shares, and now has 1,140,000 shares
I must say that I erred in my reading of your link. The author made the COMPARISON between certain athletes and speculative biotechs and did not suggest that the athletes actually had equity positions in the biotechs. I am still not clear on what seems like a cryptic post regarding why the insiders have purchased some 400,000 shares around 8 cents per share. Perhaps you might help us all by explaining your post. Best regards.
Hello-your post is somewhat cryptic to me. Other than mentioning a number of professional athletes speculating in small biotech companies I am unclear what the allusion is to ALQA. Are you suggesting that the shareholder base of ALQA includes the names of professional athletes? In addition, what bearing does that have on the notion of Insider Buying that I noted in the last few weeks around the 7-8 cent area?
Please clarify the significance of your post.
As this message board has recognized in my postings, I have been very skeptical about this company. I am, however, intrigued by the recent insider buying of common stock around the 8 cent per share level. There have been about 400,000 shares purchased in the open market by insiders. Any thoughts regarding this activity?
Do the math on this one. One man purchases 50K shares which is worth a TOTAL of around $3500 and the other man purchases 140K shares worth about $9800.
This is hardly a big endorsement when in total the value is less then $14000.
That amount pales by comparison to the roughly $200,000 each month they seem to SPEND on SG&A on average. THEY ARE THE BENEFICIARIES of a portion of that 200K as I understand after reading the SEC filings.
PLEASE ADVISE ME IF I AM INCORRECT OR NOT UNDERSTANDING WHAT I SEEM TO BE READING. BEST REGARDS.
You are correct when you do the math, not much money had been invested; however, here's a different prospective.
Nobody wants to lose money, even a penny. That being the case, these two individuals don't want to lose their investments, regardless how small it is; therefore, I'm assumming they have a good business reason for making their investments in Alliqua, Inc.