It's a dead horse. I've given you the links, you go with whatever you want to believe. 10% does not make you a "control" person. Senior executive, Director, majority owner, those are control people. It's not that I care about this issue that much, but that I think people should be given correct information. Again, you're entitled to your opinion and we'll find out when he sells or buys any shares for sure.
I would agree he bought the stock because he likes the company. The fact that it has only dropped and there has been little volume however underscores (to me) how the market has not taken this as good news. I think the fact that he supplied so much of the buy volume during a long period with a weak price rise has made other investors nervous. For these reasons, I'd have to say, so far, it's all bad.
I think had he bought newly issued shares directly from the company through a PIPE investment, it would have been taken positively by the market (always assuming his discounted price was reasonable and it was not death spiral financing). It would have provided much needed cash to the company and the shares would have been restricted.
All MHO.
OBhands - I didn't say his indirect investment was a negative, just that the market seems to have received it that way. If he made a direct investment, I THINK the market would take it more positively, but I'm not a shareholder, nor likely to become one, so I don't KNOW that. Once again go, the price and other terms he makes the investment on are key. If he gets a 50% discount, or it floats with the future stock price (aka, death spiral), or his stock is undilutable, or some other onerous terms, then it probably won't help.
If he put $1 million into the company and received another 6 million regular common restricted shares I would think that would be a positive, but again, I'm not the market.
Market Data 
Markets 
AI
