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Biotech / Medical : TITAN PHARMACEUTICAL (TTP)
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To: Icebrg who wrote (302)10/10/2005 2:36:34 PM
From: Icebrg  Read Replies (3) of 362
 
More insider activity. CEO and Chairman Louis Bucalo (that snake) has filed for an outright share buy of 62.000 shares. He got them cheap @ 1,70. The market doesn't value the company's chances very positively at the moment - market cap is at 59 mUSD.

But Allen and Bucalo seem to be of a different opinion. After Bucalo's transaction he holds close to 500.000 shares. So, there was really no reason to buy more, me thinks. What is he up to?

Erik

PS. The market seems to have noticed.
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