Fred,
Only difference though being that this is not a personal insider trading action before a material announcement. This is a board directed action that the company has divulged to the shareholders.
Besides, they announced it last quarter, any royalties were probably received last April, so between the last filing and this one would be fair game, even if the so called quarter-end to filing release was quiet and inactive.
I do agree that if they were buying shares BEFORE announcing it in the last filing, it would be somewhat shady. But after they announce it, I wouldn't see a concern. And it still would have been a good time to buy shares since they didn't have to report revenues.
All my opinions of course, and it's probably not even worth expending this much conversation on anyway, since who knows yet if it even happened.
Regardless, if it has happened, it would be great for the company and the holders...
Gaparrothead
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