Insider Trading Weekly Review - CopyTele, Inc.

Feb. 16, 2011 - PRLog -- Insiderslab.com sent email alert to subscribers on February 10th, 2011

Insiderslab.com sent email to our subscribers indicating 4 transactions happened at  February 10th, 2011:

First-Class Insider (Chief Financial Officer): HERMS HENRY P
Acquired 280,000 Common Stock (at $0.179) on Feb 8, 11. Direct holding 290,575 shares/units after transaction. Holdings increased 2,647.75%. Trade amount is $50,120.

First-Class Insider (Chief Executive Officer): KRUSOS DENIS A
Acquired 1,400,000 Common Stock (at $0.179) on Feb 8, 11. Direct holding 1,969,880 shares/units after transaction. Holdings increased 245.67%. Trade amount is $250,600.

Director: LAROUNIS GEORGE P
Acquired 280,000 Common Stock (at $0.179) on Feb 8, 11. Direct holding 320,000 shares/units after transaction. Holdings increased 700.00%. Trade amount is $50,120.

Director: Titterton Lewis H jr
Acquired 1,400,000 Common Stock (at $0.179) on Feb 8, 11. Direct holding 6,746,562 shares/units after transaction. Holdings increased 26.19%. Trade amount is $250,600.

CopyTele, Inc. (COPY.OB), a company engaged in the development of E-Paper® and nanotube color video thin flat display technologies today announced that it has completed the private placement of 7,000,000 common shares to ten accredited investors, including all the members of its Board of Directors. Gross proceeds to CopyTele from the transaction were $1,250,000. The private placement also includes the issuance to the investors of five-year warrants to purchase a total of 7,000,000 common shares at an exercise price of $0.1786 per share. Today’s market price reached $0.22 per share; they gain the 23% purchase return within 1 week.

Insider Trading Analysis Rules of Thumb published on insiderslab.com suggest investors to look at open-market purchases. For some founding executives, the stock holding in the company they helped build may represent the vast majority of their net worth. In such cases it’s just prudent for them to diversify assets. Therefore, it is usually more open-mark sales filed with the SEC than open-market purchase. In a contrast, there is usually just one reason executives buy shares in their company in the open market: They think the price will rise.

CopyTele announced the ownership of E-Paper trademark; it should have more widely usage in electronic field. The high-tech company will face more challenges in the future.

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