Associates N.v. Def, 10% Owner at ARADIGM CORP (ARDM), bought 10,625,000 shares at $0.19 ($2.0M) on 2011-07-07, disclosed to the SEC on 2011-07-11.
Open-market purchase of $2.0M ARDM by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.