Wed, May 22, 2013, 8:11 AM EDT - U.S. Markets open in 1 hr 19 mins
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Wouldn't the fact that "only insiders are interested in this stock" be a good sign as they should hopefully have the inside track as to what is happening.
The fact that the insiders are the last remaining large shareholders that care about the stock is neither positive nor negative. It just makes the stock very illiquid.I was not implying that the insider interest was on the buy side � if it were, then you would be right about it being a positive sign.I terms of insider transactions, it is actually a somewhat unsettling that Sam Hunter sold 25,000 shares last month at between $0.80 and $1.12.I don�t blame the guy for making some money. He purchased 12K shares at $0.30 last September so he tripled his $3600 investment.On the other hand, if the company were indeed turning around, as the 10Q seems to indicate, I would think there is a lot more headroom. I�m just surprised that he would sell at that price.
This is positive but with interest they still have a large loss.