Adams Robert Allen Picked Up Gtx Corp (OTCMKTS:GTXO) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gtx Corp (OTCMKTS:GTXO) reported that Adams Robert Allen has picked up 28,081,600 of common stock as of 2017-04-20.

The acquisition brings the aggregate amount owned by Adams Robert Allen to a total of 28,081,600 representing less than 4.8% stake in the company.

For those not familiar with the company, GTX Corp is a holding company that owns and operates two subsidiaries engaged in wearable technology business. The Company’s subsidiaries are Global Trek Xploration (GTX California) and LOCiMOBILE, Inc. The Company and its subsidiaries are engaged in the design, development, manufacturing, distribution and sale of five related products and services in the global positioning system (GPS) and Bluetooth low energy (BLE) wearable technology personal location and wandering assistive technology business. Through an enterprise (Internet of things (IoT)) monitoring platform and licensing subscription business model, the Company offers a solution of hardware, middleware, applications, connectivity and professional services. The Company has focused on building channels of distribution for its product lines of embedded devices, Stand-Alone devices and Digital Applications, which all funnel into the GTX Corp IoT monitoring platform.

A glance at Gtx Corp (OTCMKTS:GTXO)’s key stats reveals a current market capitalization of 4.51 Million based on 579.74 Million shares outstanding and a price at last close of $0.00790 per share.

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

Specifically, on 2011-08-17 Murray picked up 200,000 at a purchase price of $0.05. This brings their total holding to 1,176,500 as of the date of the filing.

On the sell side, the most recent transaction saw Rosenbaum unload 62,000 shares at a sale price of 0.05. This brings their total holding to 2,700,000.

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 Gtx Corp (OTCMKTS:GTXO) as things move forward to see if its progress aligns with these transactions.

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