Atzmon Menachem Picked Icts International N V (OTCMKTS:ICTSF) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Icts International N V (OTCMKTS:ICTSF) reported that Atzmon Menachem has picked up 3,000,000 of common stock as of 2017-03-31.

The acquisition brings the aggregate amount owned by Atzmon Menachem to a total of 3,000,000 representing a 14.29% stake in the company.

For those not familiar with the company, ICTS International N.V. (ICTS) is engaged in the provision of aviation security and other aviation services. The Company operates in three segments: corporate, airport security and other aviation services, and technology. The airport security and other aviation services segment provide security and other services to airlines and airport authorities, predominantly in Europe and the United States. The technology segment is involved in the development and sale of identity security software to financial and other institutions, in Europe and the United States. ICTS, through its subsidiary, Huntleigh USA, Corp. (Huntleigh), engages primarily in non-security related activities in the United States. ICTS, through I-SEC International Security B.V. (I-SEC) and its subsidiaries, supplies aviation security services at airports in Europe and the Far East. ICTS, through Au10tix Ltd. (Au10Tix) and AU10TIX B.V., develops technological systems and solutions for financial and other institutions.

A glance at Icts International N V (OTCMKTS:ICTSF)’s key stats reveals a current market capitalization of 4.93 Million based on 10.96 Million shares outstanding and a price at last close of $0.450 per share.

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

Specifically, on 2016-12-06, Atzmon picked up 1,500,000 at a purchase price of $0.40. This brings their total holding to 3,000,000 as of the date of the filing.

On the sell side, the most recent transaction saw Atzmon unload 128,840 shares at a sale price of $2.10. This brings their total holding to 0.

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 Icts International N V (OTCMKTS:ICTSF) as things move forward to see if its progress aligns with these transactions.

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