The management bought shares at $0.35, a premium of 46% of recent closing price

The management team of China Intelligence Information System (ticker: IICN), including the CEO, Mr. Kunwu Li, and two directors, bought 835,000 shares at $0.35 per share on Dec. 28, 2011. The closing stock price on Jan. 20, 2012 is $0.24.  The link of form 4 filing is listed below:

http://www.secform4.com/insider-trading/1337615.htm