Not ignored simply there is no proof he is buying any stock on the open market. He simply could be converting promissory notes to common which only cost about .0027 per share on average.
His position increased by from 4.2M shares in 2016 to 39.2M shares in 2017 or a 35 M share increase over the course of 2017. If it was converted promissory notes it only cost about $96K which is very likely since there is no way to get cash out of the preferred, senior debt or promissory notes unless one converts to common and eventually sells.
So until there is a 13G filing indicating open market share purchases and the price there is absolutely no reason to believe Bruce has been buying anything except time.
BTW many also ignore that Alla Pasternack position for the first time actually decreased form 9.99% to 8.5%. This is probably due to dilution vs actual sales, but it is still noteworthy, since Leniod always increased his position or maintain the his percentage ownership by converting debt and preferred stock into common equity.
So no he is not buying significant stock in a dying company he is trying to get out himself more likely!
News 
Market Data 
Discover 
AI
