That seems to be exactly what was confirmed in the recent PR (comments by Larry), and what the filings have confirmed. He claims he has been doing it to show faith in the potential here, to align himself more with the common shareholder, and that's fine, may even be true, but it may also be true that it has been done in desperation to try his best to hold up the share price in the face of what he knew was going to be ongoing, huge dilution. Think about it. And he has just confirmed that said dilution is not over yet, and as per my last post, not likely imminent either.
It actually appears to me, especially with the high Asks now matching the high Bids even down at the current $.0004/$.0005 level, that this insider buyer is failing in his efforts to hold up share price. I wonder how much more of his money he will put on the line in a seemingly failed effort to hold up the inevitable share price drop. At some point he may stop, this will collapse, and even if they didn't want to, they may just do a r/s, yes, out of desperation, the worst way to do one (as per my last post).
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