Followers | 1317 |
Posts | 26925 |
Boards Moderated | 6 |
Alias Born | 12/10/2012 |
Wednesday, May 09, 2018 8:42:26 AM
HUTN Chairman Buys 1.39 Million SharesFont size: A | A | A
8:00 AM ET 5/9/18 | GlobeNewswire
RELATED QUOTES
9:30 AM ET 5/8/18
Symbol Last % Chg
HUTN
0.50 0.00%
Real time quote.
HUTN Chairman Buys 1.39 Million Shares
Follows CEOs Purchase of 3.225 Million Shares Last Month
SPRINGFIELD, Ohio, May 09, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- The Chairman of HUTN, Inc. (OTC:HUTN) has purchased 1,390,000 ordinary shares of HUTN, exercising options he holds. The options exercised have strike prices that range from $0.60 to $0.15. Some of the options exercised at a strike above the market price at the time of exercise.
Stanley Hutton Rumbough, the company's Chairman and grandson of Edward F. Hutton, said, "I believe in the company's future and cannot think of a better way to show that than to risk my own personal capital to buy a significant number of shares." Mr. Rumbough has added to his already significant ownership stake.
The Chairman's purchase of 1.39 million shares follows last month's purchase by the CEO, Christopher Daniels, of 3.225 million shares.
Mr. Rumbough purchased the shares directly from the company in a private transaction. The shares were issued under an exemption from registration under Reg D of the Securities Act of 1933 as amended. The shares carry a legend and, unless registered, they cannot be sold for at least one-year, except pursuant to an applicable exemption. In return for the unregistered shares, the company received $326,000 in a combination of cash and redemption of a note.
About HUTN Inc.
HUTN, Inc. subsidiaries provide branded online and mobile services to consumers ("B2C"). The Megga subsidiary provides a social internet platform that pays users - meggalife.com is a new model. The platform includes- social networks, e-mail, internet search, news and more. EF Hutton is a legendary financial services brand -- this subsidiary provides online investing services and investment advisory services, efhutton.com. The Vyral Media subsidiary publishes digital content to enhance user experience and engagement. The Vibrant Mobility subsidiary provides mobile data & communications services.
CONTACT:
EF HUTTON INVESTOR RELATIONS
info@efhutton.com
> Dow Jones Newswires
May 09, 2018 08:00 ET (12:00 GMT)
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • Oct 10, 2024 8:09 AM
FEATURED CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM