Diwan's hands were tied. Can you imagine how it would have looked if he let warrants in the money expire? The stock would have dropped like a stone far worse than it has. As a bonus, the warrant money from him exercising goes directly into the company's coffers, nice and available to pay his salary and possibly even give himself a raise and bonuses with yet still keep the shares.
Hmmmmmm, perhaps they don't know as much as we think they do...
Diwan and wife still bought their own stock at 3.50 per share. Warrants or open market is really irrelevant. They just spent their money to own more shares and they just did it on August 25th,2014. If they didn't think that the stock was going to be worth more than 3.5 per share do you think that they would have bought. You are acting as if they sold at 3.90 which they clearly did not. I think that they know what the future for NNVC is a bit more than yourself. There has been nothing but insider BUYS in 2014. What do you think that means. Do yourself a favor!
Insider Transactions Reported as per Yahoo Finance
Aug 25, 2014 DIWAN ANIL Officer 28,571 Indirect Purchase at $3.50 per share. 99,998 Aug 25, 2014 VYAS MEETA Officer 21,429 Direct Purchase at $3.50 per share. 75,001 Jul 17, 2014 BONIUK MILTON Director 28,572 Direct Purchase at $3.50 per share. 100,002 Jul 17, 2014 BONIUK MILTON Director 28,572 Indirect Purchase at $3.50 per share. 100,002 Feb 20, 2014 DIWAN ANIL Officer 15,000 Direct Purchase at $3.80 per share. 57,000 Feb 18, 2014 DIWAN ANIL Officer 35,000 Direct Purchase at $3.30 - $3.62 per share. 121,000