ALGODON WINES & LU COM (OTCMKTS:VINO) is Attracting Smart Money

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), ALGODON WINES & LU COM USD0.01 (OTCMKTS:VINO) reported that Mathis Scott L has picked up 7,393,257 of common stock as of 2017-04-26.

The acquisition brings the aggregate amount owned by Mathis Scott L to a total of 7,393,257 representing less than 18% stake in the company.

For those not familiar with the company, Algodon Wines & Luxury Development Group, Inc. (Algodon Group) is a U.S. based public company that owns and develops luxury real estate assets in Argentina.  We are among the first real estate developers in Argentina to report on a U.S. stock market (OTCQB: VINO), and our non-leveraged assets provide one of the few public vehicles to participate in the anticipated growth in value of Argentina real estate. Algodon Group is the only publicly traded luxury development brand with unleveraged real estate, premium wines, and luxury lifestyle assets currently focused on Argentina.

A glance at ALGODON WINES & LU COM USD0.01 (OTCMKTS:VINO)’s key stats reveals a current market capitalization of 47.23 Million based on 42.94 Million shares outstanding and a price at last close of $1.10 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-11-06, Mathis picked up 2,800 at a purchase price of $2.50. This brings their total holding to 98,399 as of the date of the filing.

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 ALGODON WINES & LU COM USD0.01 (OTCMKTS:VINO) as things move forward to see if its progress aligns with these transactions.

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