Actually, officers and directors and advisors will all remain subject to the insider trading restriction if they possess any material information that is not publicly disclosed.

Even if the reason they can't disclose information is because of contractual obligations to licensees - insiders can't trade until that information becomes public.

And if they have non-public information, I don't think they can purchase for the company in a buyback program, either. Even if there is an announced buyback program. How could they? That would be taking unfair advantage of the seller who isn't privy to the info.

So - they either give us full disclosure -or- we relax and know that they're accumulating cash for some other purpose (M&A?).