In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), True Nature Holding Inc. (OTCMKTS:TNTY) reported that Lightmas Frank A. Jr. has picked up 1,052,857 of common stock as of 2017-03-14.
The acquisition brings the aggregate amount owned by Lightmas Frank A. Jr. to a total of 1,052,857 representing a 6% stake in the company.
For those not familiar with the company, True Nature Holding, Inc., formerly Trunity Holdings, Inc., is a development-stage company. The Company is focused on business of the production and sale of pharmaceutical products, including specialized compounded pharmaceutical formulations, for both the human and veterinary markets. The Company intends to acquire a series of businesses, which specialize in compounding pharmacy activities, direct to consumers, doctors and veterinary professionals. The Company is focused on selling its formulations primarily through a network of compounding pharmacies. The Company was engaged in educational business. As of December 31, 2015, the Company had not generated any revenues.
A glance at True Nature Holding Inc. (OTCMKTS:TNTY)’s key stats reveals a current market capitalization of 9.21 Million based on 17.21 Million shares outstanding and a price at last close of $0.535 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-01, Crone picked up 56,835 at a purchase price of $0.80. This brings their total holding to 156,835 as of the date of the filing.
On the sell side, the most recent transaction saw Baehren unload 11,137 shares at a sale price of $19.49. This brings their total holding to 62,760.
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 True Nature Holding Inc. (OTCMKTS:TNTY) as things move forward to see if its progress aligns with these transactions.
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