Are you talking about LBSR? I don't see any insider buying whatsoever. Those recent Form 4 only cover the massive option grants I discussed in the last post, none of which have yet been exercised and converted to common shares. Yet, at least according to these filings, anyway. 100% of the newest and cheapest options totaling 95 million common shares fully vest at grant, as compared to the old option plan, which vested 25% in four 6 month periods - a BAD sign for shareholders. They have already been registered for resale, so the insiders can exercise and dump them into the market at any time.
Also notice this entire batch of Form 4's are all VERY LATE. The original option grants covered by these filings is August 2010. These filings are 10 MONTHS late! Appalling, and the corporate governance of this company is almost non-existent. Another massive red flag, and horrible sign for shareholders. One wonders if they also wait a year to inform shareholders in a timely manner when the insiders exercise and dump these common shares, or they will just sit on the information and file that almost a year late, too.
