Donald H. Rex Jr., Director at Independence Bancshares, Inc. (IEBS), bought 12,500 shares at $0.80 ($10K) on 2012-12-31, disclosed to the SEC on 2013-01-09.
Open-market purchase of $10k IEBS by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Something here stands out, but not much.