Hollywoodhills,
I don't recall if management ever bought stock directly out of their own pockets, but rather were granted their positions as a result of their management positions. I could be wrong but I don't recall them ever buying since early '99 when I first invested.
I do recall them selling some of their position at around $12, on the way up in January of '00.
Considering the four ventures in which the company is now involved, IFE, ECLIPSE, WIRELESS and the ODYSSEY 1000, and the current restructuring and cost cutting that has taken place over the past year, I am uncertain why only the Chairman of the Board, Alex Diaz, has been the only EDIG official to step up.
While the economy certainly has not yet incentivised buyers to return to the stock market, EDIG, at its 3 year low, certainly is a much lower risk investment than it was last year.
Considering the aforementioned four new areas for revenue generation supposedly coming online beginning now and into summer, I'm not sure why they don't give the stock and investors a vote of confidence by increasing their positions.
I have heard the excuse of buying on "insider" info and I don't buy that anymore as IFE, ECLIPSE, ODYSSEY 1000 and WIRELESS are all publicly known entities.
Mangement needs to send a message, IMO.
This company is not lacking potential, but rather confidence, and nothing speaks to confidence like insider buying.
AI
