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Thursday, November 12, 2009 2:15:43 AM
The open market purchases were under the 4:1 plan that Olddog referenced. There was great excitement when the insiders bought the stock, but a bit later it was revealed that they got 4 options for each share that they bought, in effect leveraging their upside 5:1. It was an additional option grant to management disguised as open market purchases to align their interests with shareholders. So yes, there were open market purchases but they came with 10 year options at the then current price.
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