I would have to agree that Lecky is an insider for a major portion of the business - the revenue-generating part. And I agree that perhaps the question should be asked, but why go through the SEC? At least "why" until after other approaches are exhausted.

Another thing to consider is the size of Lecky's holdings. Just a thing to consider - nothing more. He can't be going too wild in his buying, if he is indeed buying, because at 5% he'd (and the company would) have to report.

And still another thing to consider, assuming he is buying, is whether his buying is per some pre-arranged schedule over a long period of time. If, say, he was consistently buying $100K worth of stock at the begining of every month, and had been doing that for a while, it would be hard to prove that he was acting per knowledge of some specific near term event - especially considering how seemingly unpredictable revenues/licensees have been. With this in mind, would it be appropriate for him to disclose (to the public) his buying schedule?

But you're right, some are apparently very concerned about this, so the question should be asked. But the SEC?

I apologize in advance, but I have to add that this appears to me to be another "I suspect someone in or affiliated with the company is incredibly stupid - though their other actions don't necessarily indicate this". I'm sure Lecky is cognizant of what constitutes insider trading and all associated prohibitions, and penalties, and would act in a why to avoid the appearance of wrongdoing - if he's doing anything at all.

JMHOs,

SGE