Jun. 3 at 12:55 AM
$CMMB
Release of news is well-studied and highly tactical.
For example, bad news is released on Friday so that the impact is mitigated.
Good news is released on Monday to give momentum throughout the entire week.
The CEO purchasing a small number of shares is poorly timed when the market is anticipating a partnership announcement, and issuing it on a Monday.
This is not a random act, but a deliberate plan to drive the stock price down.