The directors probably aren't allowed to buy? isn't it a blackout period because it's EOFY? i haven't read much on insider trading rules so it's just a guess.
A JV also doesn't mean the sp will move up unless it includes a HOA for a GSA or a large cash payment for upstream equity.
I just hope they don't get stuck in a hostile takeover because whatever little cash they have will get sucked up by law leeches.