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Surwin

03/24/16 9:14 AM

#8627 RE: HOT SPURS #8623

The point is that insiders over the last several years have not increased their stakes in this company significantly. In the last four years Bruce still maintains the same equity interest of 1.3 % and Leonid Frenkel through his Triage Capital currently holds a 9.99% stake as of YE 2015. Leonid did increase his stake by .09% from his last filing of 9.9%.

What you usually see in a situation like this, is that the insiders do start to increase their positions the closer they get to a real launch date. They can legally do this as long as they do not trade on insider information. It is done all the time and there are sites that specialize in what the insiders are doing. Insiders always know more than the general public and when they start buying their own stock it is usually a good sign they have confidence in their own company.

Here is such a site:

http://insidertrading.org/large-stock-buying.php