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Cyanotech Corp. Message Board

  • alexalekhine alexalekhine Aug 20, 2010 12:04 PM Flag

    Insider Buying

    I just noticed there is an SEC From 4 filed yesterday after the close.

    It indicates that Michael Davis purchased a total of 20,006 shares on 8/17 & 8/18 at prices ranging from $2.18-$2.34, bringing his total holdings to 716,588 shares, of which 84,563 are held directly and 632,025 are held indirectly.)

    Clearly a bullish item and a (rare) vote of confidence from an insider. Davis is the company's largest shareholder, with Bloomberg putting his position now at 13.3% of the total.


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