Value Microcaps Free-For-All

[2morrowsGains]

FEMO, Insider buying....A year ago FEMO traded over $1.00 a share. It is now trading @ $0.04 a share. Look @ the recent insider buying on this stock....
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=femo&symbol=&symbol=&s...
Major holders now hold 29.5M shares w/ the last 10Q showing 29.6M shares OS. (Even if additional shares were issued, there can't be much of a float).
http://finance.yahoo.com/q/mh?s=FEMO.OB
I'm going to spin the wheel, and hold the shares I recently bought just under $.04, but I could really use other opinions here. Market cap is approx 1.2M w/ 10k due out this week.
The last major news releases were @ the end of Oct & beginning of Nov last year....

...FemOne's BIOPRO Division Expands Sales Force Into Australia, Opens Office in Sydney
...FemOne, Inc. Acquires Global Rights to Innovative Nutritional Formula - Introduces BioNutratonic in U.S., Canada

Here's their 10Q for Q/E 9/30/04
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D002494%2Etxt&FilePath...