Buying and selling

A quick rundown of the insider transactions that took place this week:

• Victor Keen, bought 5,000 shares
• Richard Hermon-Taylor, bought 6,525 shares
• Marion Philip Guthrie, bought 2,500 shares
• Robert Saxe, bought 5,700 shares... from Robert Budin

Not quite Malvino-esque in terms of nickel-and-dime trading, but well within the domain of "token" transactions nonetheless, particularly since, in the case of the newcomers to the board, this represents their initial positions in the stock. But the most interesting one is, obviously, the last one. It speaks to the lack of liquidity in the stock these days that Budin decided he needed to arrange a private transaction to dispose of $35,000 worth of stock, rather than attempt to sell it into the market.

And Joe Harary? No purchase at all. Hunh.