Academic studies using US data suggest that corporate insiders may earn above normal profits on their trades (For example, see Lakonishok and Lee, "Are Insider Trades Informative?" The Review of Financial Studies, spring 2001). The findings suggest that company insiders, as a group, may be better informed than the average investor about the prospects for their respective firms. Other US studies (see FAQ#9) have found that insider buying tends to provide better information than insider selling. Please keep in mind, however, there is no guarantee that results from these US studies will be duplicated in Canada in the future.

The facts are that after failed assure trial results, the market value of of RVX had languished as in dead money. The excercises indicate that whomever. excercised is bullish on the stock.

If it was routine, why the recent spike of excercises He probably excercised after he read the DSMB report that was public info which turned on the green light for him.

IMHO this as a bullish signal -

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