Small insider buying, maybe Jurgen and Deniss are watching yahoo message boards and gave us a little hint.
Amongst the CEO and execs at AEZS, only 16000 shares were bought? Give me a break.
This is a very weak gesture of confidence in my book. I mean these guys make six figure salaries and only bought this much? If they want to show high confidence, I want to see them buy a lot more than that. I mean I want to see them put more "skin" in the game. They think this weak move can shut us up?
It also confirms that the 360th event had not happened as of January 25, and that AEZS had not been told that it was imminent.
If either of these things had happened, then the insiders would not have been able to trade.
I saw that and my first thought is it was a reaction to upset shareholders that were mad about insider selling. I know I wrote a letter to the company asking about their ethics policy if they allowed an insider (Meyers) to sell at this time (even though his sale was indirect).
I guess AEZS definitely does not have a blackout period. It may not mean much, but I'm glad they are putting their money behind their actions and at least helping to support the price after the ATM.