Really, how can a stock manage to go down 90% in less than 2 years in this kind of a stock market?
The Form 4s look like the CEO is down about $782,000 on the 300,000 shares purchased since early March of this year? That is with current price of 2.92. One can only wonder how many folks followed him into this trade. Of course I could be wrong.
And what is the basis of the lawsuit? That folks were wrong enough to hold on to the stock? It's called a Stop Loss. Trade with it.