Jerrick Media Holdings Inc. (OTCMKTS:JMDA) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jerrick Media Holdings Inc. (OTCMKTS:JMDA) reported that Gordon Christopher P. has picked up 10,555,246 of common stock as of 2017-04-25.
The acquisition brings the aggregate amount owned by Gordon Christopher P. to a total of 10,555,246 representing less than 24.1% stake in the company.
For those not familiar with the company, Jerrick is a technology and digital media company focused on the development of communities, marketing branded digital content, and e-commerce opportunities.
A glance at Jerrick Media Holdings Inc. (OTCMKTS:JMDA)’s key stats reveals a current market capitalization of 4.42 Million based on 33.98 Million shares outstanding and a price at last close of $0.135 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-09-26 Campbell picked up 5,000,000 at a purchase price of $0.32. This brings their total holding to 6,466,225 as of the date of the filing.
On the sell side, the most recent transaction saw Frommer unload 100,000 shares at a sale price of $0.25. This brings their total holding to 11,494,884.
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 Jerrick Media Holdings Inc. (OTCMKTS:JMDA) as things move forward to see if its progress aligns with these transactions.
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