It doesn't matter who bought when they sold.
THE THREE BIGGEST BIGWIGS OF BMRX DUMPED SHARES.
At a time when it is crucial that they show solidarity and support of the company, they bailed. Sure, they have plenty of shares left. But that is not the point, and any and every investor is aware of that. Now had they BOUGHT a few hundred thousand shares each, out of pocket, and not been spoon-fed them by the company, it would be a different story. But to have a company that lost a MILLION MORE last quarter than the one before while bringing in less than 100K in additional revenue to do it, and be handing the 3 top doggies shares, is a slap in the face to any investor of this company.
The balance sheet is horrible. Last 10Q showed that their assets are dropping while liabilities are rising. NEVER a good sign. They go from under 2K in revenue to about 100K, and lose a million more dollars (btw, the total losses were over 2 million for the quarter) to get there, that's just bad management. And yet they get REWARDED for it.
Shame on them.
IMO/FWIW
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