GM,

Post says: Moe buying was different to me as he is at an arms length to major news/deals but Frank can't hide behind that.

Question: Why Moe's buying is different from Frank's. They are both insiders. They are the 2 prominent member in Management team (the only two gents who have their pictures on the Management page). In addition, Moe has been appearing in the media talking with authority about the business of the company, especially when it comes to CCC/RR claim. So, my reading of this is the 2 gents are working together quite well and the left hand would know what the right hand is doing, hence would be privy to juicy stuff behing the public scene, e.g. potential deals which they talk with various companies everyday. However, there may be proposal from others that may come suddenly hence completely beyond their control (e.g. after they have complete the purchases of KWG shares in the open market).

As widely advertised in NRs from Loeb and KWG, Loeb is liquidating the Fund and selling all shares including KWGs. Frank has indicated that this is an opportunity for investors, including himself (he did not spell this out), to buy shares at a price Loeb is willing to accept (could be fire sale). So, Moe bought some (1Ms?), and Frank scooped up some (3Ms?) from the total of 49M shares available to be divested (the majority has been sold but there was still over $10Ms left as of yesterday. If insider's buying provides a positive indication about their confidence in KWG, then there are still some shares (have not checked the stock chart) to be bought by anyone.

My take is that this is fair game, everything is totally transparent. However, others may think differently. Buy more cheap shares? Your call.

goldhunter