This company has no money to get anything done and insiders decided to kill the share price by selling their holdings. If they don't want to hold these shares then why should I. It has been very disappointing to see insiders cash out while I held my shares. If you click on SEC filings and then click on the link to show all filings you should see the constant monthly sales. Waiting to see how many they decided to unload this month. Not cool.
Vfin, no one is cashing out. Insiders own 40% of the company. If you look at the 144s, there were three insider sales in 2011 for a total value of $48,000. Hardly cashing out. From your past posts, it looks like you have been in the stock more than a year. Yet you are bailing out now after the company announced it received approval from the FDA equivalent in Brazil? (the largest country in South America and 7th largest in the world). Just does not make any sense...unless...you sold some time ago when you thought the stock was dead and are now trying to rationalize it as you see it trend back up. No worries, not too late to jump back in, IVOB has a bright future. GLTA