He actually bought those shares on Friday at $.90. Anyway, its good to see the Chairman step up and buy shares. $9K isnt an astronomical amount of money but rather a signal that the company is headed in the right direction.
When Mr. Lynch defended his decision to become COB at the Q4 call and affirmed his faith in the future of little TranSwitch, it should have had more impact. The fact that he bought more on Friday just proves he meant it. I believe he is up to 178K shares. As we recall, the stock price got to $5 at the beginning of April in 2011 on insider buying. If more insiders stepped up to the plate with HDPlay gaining traction, who knows what could happen.