Associates Ltd. Def, 10% Owner at ARADIGM CORP (ARDM), bought 40,322,580 shares at $0.12 ($4.8M) on 2013-08-27, disclosed to the SEC on 2013-08-29.
Open-market purchase of $4.8M 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.