Insiders, Institutions, Form 4, Schedule 13-D/A BLTA Buying
Historically, the buy or sell decisions of insiders who have the most up to date information of a company's prospects, has been a reliable indicator of the future of the company. It is only logical and makes much sense. When executives, directors or others with inside knowledge of a public company are buying or selling shares, investors should consider doing the same thing.
Based on public information currently available, the facts below are an attempt to see if the general trend by BLTA Insiders is Buying or Selling BLTA Stock.
May 18, 2015 Barry Clare -BLTA Vice President Finance. 3 BLTA Buys in 2015.
August 10, 2015 Vick Bolanos -Private Investor - President of Eastern Construction & Electric, Inc., BLTA Director. Multiple BLTA Buys in 2012, 2013, 2014 and 2015.
September, 24, 2015 John Drago - Private Investor, Successful Businessman. Multiple Buys in last several years. Mr. Drago confirms after recent Buys, he now owns over 1,000,000,000 BLTA Shares. His lawyer informed his last Buy(s) do not cross a required threshold, so no new Schedule 13-D/A coming, yet. Mr. Drago last Schedule 13-D/A on August 24, 2015 shows 862,964,262 BLTA Shares Ownership. His wife holds 41,652,406 Unrestricted BLTA Shares, for combined family total of 904,616,668 BLTA Shares at that time. http://ih.advfn.com/p.php?pid=nmona&article=68277994
Caveat about CNBC Data. I have no idea where CNBC gets their data. CNBC data may or may not be up to date / accurate. The most recent data below, both Bolanos and Drago are not yet up to date.
* Despite, most Institutions having policy of owning no Penny stocks, There is 1, possibly 2 Institutions Holding BLTA Shares.
* BLTA now has 3 different milestones of BLTA Shareholders A.) 1,000,000,000+ Shareholder B.) 750,000,000+ Shareholder C.) 500,000,000+ Shareholder
* Private Placement Shares are Bought with a 6 Month Restriction Period from Selling. BLTA Management has Committed to NO Selling BLTA Stock until well after Launch of Operations and Profitability established.
* Thus, approximately 35 - 40 % of BLTA O/S are NOT in the Float and are locked up from Selling.
* General Overall Theme of Insiders Either Buying OR Selling BLTA is MASSIVELY OVERWHELMINGBUYINGof BLTA Shres.