I get where you’re coming from but the directors don’t have a...

I get where you’re coming from but the directors don’t have a crystal ball. They know the inner workings of the business but they can’t anticipate how the market will respond to their own business or the wider macro. Perhaps Daniel thought the market would be more excited about their plans as outlined in the DFS? If so, they were wrong. That’s why I pushed back on the “DJ must know something” chatter when he bought at the $1.20 mark; they simply buy when they can and when they think there’s value (smart JP - buying $104.5K here at 88c after selling 1,000,000 shares at $1.87 in December 2021!)

Hard to see this as anything other than positive/supportive, especially near 52WL’s, but I’d stop short of reading much more than that. In one of the financials I own, the highly regarded/experienced CEO-founder bought $1,000,000 worth of shares at $1.72 post an IPO at $2.10; the stock later hit $1.04 before recovering somewhat. Happens to the best of them!