In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Agritech Worldwide Inc. (OTCMKTS:FBER) reported that Kahn Jonathan Efrem has picked up 10,320,889 of common stock as of 2017-04-18.
The acquisition brings the aggregate amount owned by Kahn Jonathan Efrem to a total of 10,320,889 representing a 6.6% stake in the company.
For those not familiar with the company, Agritech Worldwide, Inc., formerly Z Trim Holdings, Inc., is an agricultural technology company. The Company owns existing, and seeks to develop new, products and processes that convert generally available agricultural by-products into multi-functional all-natural ingredients that can be used in food manufacturing and other industries. Its products cater to food and nutritional beverage industry, including fat-free, low-fat, reduced-fat and full-fat, across meats, baked goods, dairy and non-dairy products, snacks, beverages, dressings, sauces and dips. Its industrial products division focuses on the manufacture, marketing and sales of products designed specifically for industrial applications, including oil drilling fluids, petroleum coke, charcoal briquettes, hydraulic fracturing, and paper and wood adhesives. Its product portfolio of multifunctional food ingredients includes Corn Z Trim (both genetically modified organism (GMO) and non-GMO) and Oat Z-Trim.
A glance at Agritech Worldwide Inc. (OTCMKTS:FBER)’s key stats reveals a current market capitalization of 1.80 Million based on 154.98 Million shares outstanding and a price at last close of $0.00850 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-11-29, Garfinkle picked up 30,000 at a purchase price of $0.60. This brings their total holding to 777,448 as of the date of the filing.
On the sell side, the most recent transaction saw Kahn unload 400,000 shares at a sale price of $0.01. This brings their total holding to 7,383,663.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Agritech Worldwide Inc. (OTCMKTS:FBER) as things move forward to see if its progress aligns with these transactions.
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