A better way for management to show NML is undervalued is not this shares buy-back on behalf of the corporation (in fact, 5 million shares is a drop of water in a bucket), but they should cough up some cash to buy shares for themselves on the open market...... Oh, they sold instead....  It's puzzling.....

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Latest 10 SEDI filings (by transaction date) for NML within the last 6 months [?]
Amended Filing
  As of 11:59pm ET January 21st, 2013
Filing
Date
Transaction
Date
Insider Name Ownership
Type
Securities Nature of transaction # or value acquired or disposed of Price
Jan 17/13 Jan 16/13 Nichols, Lee Clifford Gray Direct Ownership Common Shares 51 - Exercise of options 70,000 $0.830
Jan 17/13 Jan 16/13 Nichols, Lee Clifford Gray Direct Ownership Options 51 - Exercise of options -70,000 $0.830
Jan 15/13 Jan 10/13 Gagnon, Rock Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $1.51
Jan 4/13 Jan 3/13 Schindler, John Norman Direct Ownership Common Shares 51 - Exercise of options 35,000 $0.830
Jan 4/13 Jan 3/13 Schindler, John Norman Direct Ownership Options 51 - Exercise of options -35,000 $0.830
Dec 20/12 Dec 20/12 Nichols, Lee Clifford Gray Direct Ownership Common Shares 10 - Disposition in the public market -24,000 $1.15
Dec 20/12 Dec 19/12 Nichols, Lee Clifford Gray Direct Ownership Common Shares 10 - Disposition in the public market -30,000 $1.15
Dec 18/12 Dec 17/12 Nichols, Lee Clifford Gray Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $1.15
Dec 17/12 Dec 14/12 Nichols, Lee Clifford Gray Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $1.10
Dec 7/12 Dec 5/12 Schindler, John Norman Direct Ownership Options 51 - Exercise of options -35,000 $0.830

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