Associates Ltd. Def, 10% Owner at ARADIGM CORP (ARDM), bought 41,666,667 shares at $0.12 ($5.0M) on 2012-12-11, disclosed to the SEC on 2012-12-13.
Open-market purchase of $5.0M 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.