Really, insiders do not buy and hold for a year? Of course they do. The insiders who believe in the company they are running do. Cadwell and Kartzoff have never sold any shares. The "millions" you mention are at price such that a million shares is not very meaningful in terms of actual dollars. Cadwell dumps $25k every month into this for warrants at a much much higher conversion price. They are both maintaining their percent ownership now that they think the company will make it. But no way are they re-submitting in the near-term. Nothing has changed since the rejection that would allow them to resubmit. Makes no sense (common or otherwise) that they would of diluted this beyond belief if it wasn't necessary. Also if they were going to resubmit soon, and it was not dependent on these studies then the insider buys wouldn't of been timed with the grant proposal acceptance. Are you going to tell me that their buying wasn't related to the grant approval? And if it was related why was that more important to price than the fact they are about to resubmit. Seems if they were going to resubmit they would of been buying all along or never letting the warrants reach maturity (they have the option to pay them off instead).
BTW, the insiders don't buy and hold sentiment you have, does it hold for Nasarat also? It was well over a year ago that he invested the entire net worth of his company and loaned them a million dollars for a payoff that was 2 to 3 years in the future.
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