"If he saw the PPS going up, he would invest." Nolan, you cannot correctly make that as a statement of fact. That is frequently determined primarily by the personal financial circumstances or current investment allocation of insiders, especially if they already have avenues for significant ownership of Company stock. I wish he would, but not doing so does not necessarily mean anything.
Your assumptions and expectations about the stock price are not necessarily correct, either, and I think not, fwiw.
Your assumptions and expectations about the stock price are not necessarily correct, either, and I think not, fwiw.