I just bought some ALQA, could someone explain why insiders bought 25 million shares over the past year?
And it doesn't appear as if any sold a share. Their product could easily compete with Lipoderm for a boatload of reasons, not the least of which are quicker absorption and less site problems on removal of the patch. I looked at lipoderm sales and they look like 900+ million/ year. It's something to be able to to compete with? What am I missing?
Bingo! Eye would say you're not missing anything.......and with today's close above .078 she's on her way........saw that steady buying last 2 weeks at .069-.07 holding rock solid in spite of market sell-off. In this now more than ever.............
Actually, I bought it months ago mainly because of so much insider ownership and secondly, I like the product. During this time, it has traded between 7 and 9.5 cents. Lipoderm is very expensive...$500.00 for a prescription. A generic became available this summer. I always feel when insiders buy there is a pretty good reason. You can Google Alqa/Dr Frost and a number of articles surface. Heck, I'd love to see it go to a dollar!
I did too. Bought @ .078 today. I like the agreement with Mckesson. Great company & they have to know how to deliver. Let's wait and see next year. I am very long here and will hold for a long time. I don't buy and sell daily, GLTU and all.