Wrong! Been this way for almost a year selling ATM shares at all time lows. Why are we so driven to protect and defend mgmt? Really no defense until a deal is done. 10 plus month delay on Cotara no licensing deals in how long with plenty of shady dealings that are documented. Even if true about trial results every day that goes by the shareholder gets diluted severly at these prices but you are right when you aren't a shareholder and are just collected bonuses, salary and free options then you may not bother! All imo.
They could still be buying on a regularly scheduled purchase plan. They have watched the stock get beaten up for months. If they had all this knowledge and potential happenings they could have put a purchase plan in place months ago to show the market their confidence.
At a time like this when the market is killing the share price they ought to be buying or get out of the company.
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