I agree that consistant insider buying at these volumes is very bullish.

TMXmoney.com is reporting that on Friday insiders bought 1,253,000 shares @ an average price of 5.5¢ from RBC Capital Markets.

Link: www.tmxmoney.com/HttpController?GetPage=InsiderTradeMarker&Market=T&Language=en

Canadian Insider link: June 2012 to date 

http://canadianinsider.com/node/7?menu_tickersearch=PHD+%7C+Phonetime

going long on this one.