Finjan Holdings Inc (FNJN)

[lbcb123]

"The last time I talked to this person she told me that the insiders never buy because they always have insider information and when I said that is true of every company she replied their lawyers have told them they cannot make retail buys of their common."

That is, of course, utterly ridiculous! The management team holds a tiny amount of shares. I will not say this as a fact, but I have not seen a single open market buy from any of them. Even when they get their "free" shares, they sell 40% of the freebies to pay taxes so they have zero skin in the game.

I have personally made IR (Vanessa) aware that she is telling a ridiculous tale when she continues spreading this fallacy and I even told her how every competent insider handles the situation. It is called "scheduled buys". As an example, Hartstein makes $500K a year in base salary. Much more with free shares and benefits. I believe he should commit just 10% of this base salary to scheduled buys. He can schedule 12 monthly buys of $4,000 worth of stock and not violate any insider trading rules. The buys are pre-arranged and allow him to accumulate more shares at an "average" price over the year.

It is one thing for them to state they believe the shares are trading below fair value. It is time they put their money where their mouth is and back it up while legally accumulating more shares through scheduled buys.