Look at the insiders selling reported yesterday, June 19th.
Yesterday one million more shares were sold by insiders. This is following the million three hundred thousand sold Monday and Tuesday. And that was following all the corporate officers selling just before the news of the delay. My confidence is dropping fast.
Just ask, why would insiders choose to sell now? They aren't required to sell now, but they are selling like crazy.
Also notice, none of the insiders are buying. They think this price is not worth the gamble or what? Another problem coming? Bad news coming? What the hell?
June is filled with insider stock sales and not one single buy. Just look at the sec form 4's piling up for sale after sale.
Last three transactions were on July 6, July 7 and July 8
Again ask, why would insiders choose to sell now? They aren't required to sell now, but they are selling like crazy.
I dont know why mffais lists the same sale multiple times (which makes it look worse than it is), but look at the nasdaq to give a more realistic view. Also, these could have been pre-determined sales, as approval should have been factored in already....Plus they were done for the end of Q2.
Than it is at your own loss. BDSI has'nt budged at all since the 15th of June.
There is a solid resistance now at 6.5 do to the extraordinary purchases in that range. Any positive news at all will BDSI up quickly. Of course anyone who lives and dies with each increment would not have a clue, or is just desparate.
INSIDERS DUMP 3.5 MILLION SHARES IN JUNE ! ! ! ! !
PUMP AND DUMPERS LYING ABOUT INSIDER SALES!!!!
INSIDER SALES MADE 6/15, 6/16, 6/17, 6/18 WERE NOT AUTOMATIC SALES!!!
READ FORMS FILED WITH SEC!!!
SALES TYPE IS CLEAR!!!!
THEY POST LIES AND BROKEN LINKS!!!!!!!
PUMP AND DUMP IS ILLEGAL!!!!!!!!!!!!!!
SEC IS WATCHING!!!!!!!