Insider buying and corporate share buybacks are two very different things. I don't blame insiders for not using personal funds to buy shares when they already own substantial positions, but I call it a total lack of fiduciary duty to shareholders when corporations don't buy back shares when valuations reach these "mockery" levels. It's tantamount to fraud and the China microcaps have been exposed accordingly. They have no interest in paying out a penny to shareholders (via dividends or buybacks).
For those companies that are legit (and there may be just a few of those), the full blame goes on them for allowing valuations to get this low. If they were buying back shares it never could have happened.
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