I'll add my two cents, since I have in the past commented on why insider buying would be a positive.
1. The management of this company can not be trusted, and they lack credibility on the street.
2. Lack of selling is not a positive. The only thing that kept the company from shareholder lawsuits last year was the lack of insider selling. IMO, management mislead shareholders. The entire business and outlook of a company does not change as quickly as was portrayed by management when the company finally completed the debt financing (everything is positive) and then just a few (or several) weeks later pre-warned (boy, things look bleak).
3. Although I think Pink is too bombastic and self-serving in many of his opinions, he likely knows more than I do about the character of management. I think he was right about that.
4. A technological lead has never meant much to this company, and can quickly be overcome by competing companies. So, management owns a lot of shares; they always have. If it's a sure thing, and things are great, buy more.
That is why I take a "show me" approach to this company.
Also, I might have mentioned this before, but I called IR several times and could never get an answer concerning the company's "factored" receivables. A couple of times I was promised an answer, but never got one. I finally gave up.
Do I believe the management of this company? No.
Does management believe in the company's prospects? I don't know.
As a matter of disclosure, I am not short even a single share.
Why the post? I am watching, and may go long at some point, but am not convinced.
Regards,
jc
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