interpretation of insider ownership
Insiders are less likely to sell their shares on a daily basis having a long term plan in mind. Thus the avilable shares to be traded on a given day are much lower than those OS and the potential for an upside move is enhanced. Especially if prospects for the company are looking brighter, as they are here.
The CEO, for example, as a holder of 888,000 shares I believe, makes a salary of under $100,000 per year and I am sure that he therefore sees tremendous importance in the stock value. As a holder of that number of shares he will work hard to achieve -- and enjoy seeing -- the day when share value rises to $1.12 per share at which point he can consider himself officially a "millionaire," at least on paper. And then I am sure he would like to improve on that, double it if he could.
So, yes insider ownership is much more often than not a big plus for investors who are considering buying into a company.
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