When your building your position, the last thing you want to do is attract attention buy driving the price up. That would just make future purchases more expensive, and the eventual total average price higher.
Google article title if interested, "Goldman Capital Management Inc buys $7.2 Million stake in Research Frontiers (REFR)"
Goldman Capital Management Inc scooped up 68,900 additional shares in Research Frontiers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,817,589 shares of Research Frontiers which is valued at $7.2 Million.Research Frontiers makes up approximately 6.14% of Goldman Capital Management Inc’s portfolio.
Yup, sounds just like the REGN board 20 years ago. Why do you waste your time typing, if thats you're perspective. Seems your time/effort would be better spent elsewhere?? LOL :-)
Wow, that comment isn't really worth responding to, but here's a last attempt, You either misunderstand the point or just don't want to hear it. They were NOT laughing 25 years ago, and compensation has nothing to do with it. Technology adoption is a tough business. It took 30 years for electricity to reach 10% penetration. You can waste time as a negative nanny, or do something. Change the board, sell your shares, but make a decision, and take some form of action. You'll feel better and life will have more meaning.