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Neonode, Inc. Message Board

  • schroe_us schroe_us Sep 8, 2012 12:04 PM Flag

    Can anyone confirm inside buy was direct,open market purchase ?

    Im new here. Thought I would check it out. Seems the selling was unwarrented. Way oversold for its growth rate. They have doubled sales staff. Lots of contracts. Just some growing pains. A $600,000 inside buyer is just huge.

    Sentiment: Buy

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    • I can confirm it was a direct, open market purchase.

      insider-alerts%2Ecom/Data/20120907/0001209191-12-044666%2Exml

      Look at the Form 4 - the transaction code in Column 3 is P - a purchase, not A which would be Acquisition which are what your non-open market purchases get tagged with. Also, the price in Column 4 is $3.30/share - the market price. Non-open market trades may have a price below current market price or $0 if it is an award.

      See Column 6 in the table - D = Direct.

      No notes are indicated, which would provide explanatory information if it was anything other than an open market purchase or other indirect ownership scenario.

 
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