Contrary view to current euphoria....
I believe the current buying by the BOD while gathering headlines, is "window dressing". to quiet the natives. Why? The amounts are very small, comparitively speaking.
I DO believe the moves were coordinated immediately following the release of the monthly CEO newsletter. Collectively, the BOD only purchased 530k shares for around 13 cents for $69k. Big Deal!...
Show me purchases totaling 4-5M shares and I will be impressed. I almost feel, some if not all were "goaded" into buying by Goerner. CJ purchase of 100k for $10k (with his ultimate compensation level) is a Joke. Even the BD person (Bilbeau) purchased more. Gimmee a break! If I was CJ, I'd be embarrased.
Yes, the purchases are welcome compared to the alternative, and in today's market economy a needed shot of adrenaline, ultimately the effect will wear off quickly without substantive news.
"We Shall See!!!...
Virt