In the latter half of September 2013, 27 percent o

In the latter half of September 2013, 27 percent of the outstanding shares changed hands between 2 and 3 cents.

Their largest institutional shareholder in the early 2000's owned 23 percent of the outstanding shares.

Did they sell?
If they didn't, who did?
and
WHO BOUGHT???

Key events

May 2013
The company puts out a shareholder letter regarding the shareholder resolution ... to continue to work on an exit strategy ... with a minor warning ...


May 2014
The company puts out a shareholder letter regarding business doing better. Sales up 8 percent. Operating income up. Cash up $100,000


Subsequent letters


Sales up 42 %


Sales up 28 % DIVIDEND


Sales up 29 % DIVIDEND


Does anyone think someone with inside knowledge purchased a 27% position prior to good, great, and beyond great news in the next four years?



Could management have added to their stake?

By reporting a few months earlier, they absolve themselves from any trading questions if they did so. And then, the better reports were to follow.

2.5 cents 1.6 million shares

Quite a story
Quite a smart purchase
Who was it?