I'd suggest you look at the announcements related to those "director transactions", they include all the performance shares that cost them nothing and the options converted using "cashless exercise".
Why can't anyone point to an actual announcement where the directors have bought stock or converted options with their own money? Is it because there aren't any?
Ann: Phase 2a Study Shows BTX 1801 Eradicates S. Aureus, page-990
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