you covered all the bases for sure pan. the insiders could be buying millions of shares since dec 08 but there not so the question is are they broke, have uncertain or bad news, or waiting for a total capitulation in the price down to a half cent. if i was inside and had there info and "knew" what was going on i would be buying up shares. last spring mxc went up on no news but a week later the good news came out and the bod had loaded up before hand. if the bod have lots of personnal capital and there not buying then something is wrong imho. years ago out west in alta i had the priveledge of drinking with a few geos and remember them saying that sometimes they had ruined wellbores because of frac fluids that didnt compliment the formation. whether this happens nowadays i dont know. it doesnt take a month to know if its gonna produce .fingers crossed.