I know in IMGN and others insider trading isn't permitted much of the year because they have insider information. They don't publicly announce such periods, or when insiders can buy, or sell, but it normally becomes apparent. Insiders often receive so much in options, as incentives, that they rarely purchase on the open market. I believe that too much is made of insider trading, but it's influence can't be denied.
One announcement of funding on one of the DOD contracts and we could be trading at an entirely different range.
Gary
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