ORIONS Money Stocks

[Dobie Lama]

NETE-
Did Anashkhan Gabbazova sell 1,500,000 shares at $2.00 on or around April 6th and then enter into a buy agreement that was reported on April 30th, to purchase Preferred Series A Convertible Stock?

So, he sold at $2 a share made a nice profit and then puts the cash back into NETE? I wonder why? What does this insider know that we don't? Unless I'm missing something, the 1,500,000 sale of shares by an insider was actually a vote of confidence.

On April 30, 2015, the Company entered into a Securities Purchase Agreement with certain qualified institutional investors and certain institutional accredited investors (the “Preferred Investors”), pursuant to which it issued to the Preferred Investors 5,500 shares of Series A Convertible Preferred Stock, $0.01 par value per share (the “Preferred Stock”), for $1,000 per share, for an aggregate consideration of $5,500,000 (the “Transaction”).

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Anashkhan Gabbazova Insider Sell Transaction

Net Element International Inc (NASDAQ:NETE) 0.638 -0.032 -4.85% shareholder Anashkhan Gabbazova on the April 06, 2015 unloaded a total of 1,500,000 shares of the professional& scientific& and technical services’s company with a total value $3,000,000 U.S Dollars. This is based on an average market price per share of $2.0 U.S Dollars. The prospect that the trade stays ignored is very low because of the big amount of money involved. Today, Anashkhan Gabbazova owns 4.07 million shares which are equivalent to roughly 9.15% of the company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding). This is as reported in a SEC filling dated April 06, 2015.


Read more: www.octafinance.com/anashkhan-gabbazova-insider-trading-for-1500000-shares-of-net-element-international-inc-nasdaqnete/25141/#ixzz3bIjeBT00