I think most people have a "wait & see" attitude at this point. Why buy @ .70 if I can buy @ .50?! As I said in another post I`d rather buy @ .80 with a bit of volume behind an upswing than now @ .70 with no volume. As for why CHOP Mngt isn`t buying now-who knows?! They have a plan I`m sure(I hope!) & they have to come to the plate sooner or later or they`ll end up CHOP SUEY!
At least today was the 1st day in around 3 weeks that it ended up...yes a whole penny-alert the media!
Looking at previous jump from .52 to .66 and then about .9, it took just a couple of mil shares - so following the same logic, when Mgmt starts buying, it won't take much for it to cross $1.
As CEO made his intentions clear to acquire up to 1% (worth about half million at current prices, more than 10X today's vol), probability of this touching $1 before end of the year seems to be very high. Long term, I am not sure.
I am not sure how frequently the CEO has to report his buys. In any case, they don't look like they are in a hurry, and probably wait for a big down day to add some.