I saw the insider purchases over the past few days. I watch insider transactions and use them as a guide of what to buy, so, honestly, I would like to own this stock.
However, the financials are not strong, and the earnings are likewise weak at this time - I am not a believer in sales (or price/sales) as a good performance metric - show me the profit! Bottom line, sales are down and the company is posting losses. On top of that, liquidity of the stock is #$%$ poor - if you want to buy 1000 shares, it could take a couple days to do it, and you have this wide bid/ask spread. Once you do buy, what kind of difficulties will there be when you want to sell? You might drop the stock 25 to 50 cents just selling your 1000 shares.
I can look beyond short-term sales dips and losses. However, where's the catalyst on the near to medium-term horizon that would make someone want to buy the stock at this time?
Again, I'd like to own it, but I don't see the draw aside from the insiders purchasing.