At a time when strong displays of confidence are required, he managed an insipid effort by buying just 50 lots. Surely, he could have scooped up 500,000 shares.
Token buying by insiders can be detrimental if there is no follow through when price drops further? The same goes to companies with share buy back mandate but do not use it even if the share price drops to ridiculously low level. Sometimes they just buy small quantity without follow through even when price drops much further. Most annoying is when they have loads of cash.