Scovanner-- The insiders don't have any free trading stock. They can't sell. They're all holding out, and if this fails they're all going right down the tubes with it. They're tightwads when it comes to printing stock: check the numbers. The TA doesn't lie.
The stock took a beating, but it was because they tried to do business with John Rivera, who was a fraud and hurt the company badly. He pretty much promised them millions of dollars and then sucked all the assets out of their company, stole their ethanol plant, racked up a bunch of bills, and then when he found out he couldn't get his hands on any free trading stock to dump he jumped ship the same week the audit was due.
The stock may have fallen, but its not because the insiders are bad guys, they just didn't do enough due dilligence on John Rivera. Every relationship he enters into ends in tears, even his own executives.
Since then, they've established a shareholder board to represent shareholders, hired a new Chairman & CEO, allowed the old top brass to resign (that was kinder than firing them, these guys are good-natured people) and even allowed one of them to stay on the board of directors. They changed their strategy, sold company real estate... hey, these guys are TRYING. They work for stock too.
So far as GRCO is concerned now, I'm a contrarian. Who cares if they got screwed by Rivera. I think you should buy any stock when its cheap. Their salesman works on a straight commission and doesn't have any stock in the company, evidently he thinks its worth working full time for. I say if the insiders are still buying, and the sales rep works on straight commission,... and the stock is down big time,... that can only mean one thing!