Quote NO LOL, "it's an insider buy & get this, the judge didn't have to approve it "
NO, it's NOT a freaking supposed "insider buy", LOL !!! TOTALLY FALSE info being propagated once again.
It's a freaking standard option grant. It's late in fact, per their normal calendar (they usually do their annual comp plan option grants at the end of the prior yr, like in Dec 2016. Probably needed Judge approval to allow this grant, per her Court Order). These are annual option grants per their executive compensation plan (SEE THEIR DAMN SEC FILINGS, 10-K, executive option grant plan).
The damn option, aka a DERIVATIVE, is NOT even exercisable until ONE YEAR from the grant date as shown on the Form 4's, and that's only 25% of the total grant, each year (a four, aka 25% per yr vesting schedule is thee industry STANDARD on exec option grant plans). The options as of today are WORTHLESS, as they're not even "in the money" given the option grant price, as stated on the standard Form 4, LOL !!
The insiders didn't "buy" a damn thing, and certainly not any shares in this company, LOL !! TOTAL BS.
Again, propagating 100% false and misleading disinformation. TOTAL NONSENSE.
One can see every Form 4 ever issued by going to the SEC EDGAR database:
Essentially, EVERY OPTION THESE INSIDERS HAVE EVER BEEN GRANTED, are at this point "WORTHLESS" as their own share price has collapsed so freaking much, that NONE OF THEIR ISSUED OPTIONS (aka a right to buy a specific amount of stock, at a specific price), they're all "OUT OF THE MONEY", aka WORTHLESS at this point, if they were to be exercised.
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