Secretary & Treasurer Files Intent to Sell $32.5K in Shares
BUDZ sits 38% above its 52-week low of $0.016.
Summary
WEED, INC.'s Secretary and Treasurer, Nicole M. Breen, has filed to sell $32,567 worth of common stock, representing approximately 1% of the company's market cap amidst ongoing financial distress.
Key Events · Ownership and Investor Activity · BUDZ
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Officer Files Intent to Sell Shares
Nicole M. Breen, Secretary and Treasurer, filed a Form 144 to sell 1,085,585 shares of common stock.
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Proposed Sale Value
The proposed sale has an approximate market value of $32,567.
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Context of Financial Distress
This intent to sell comes after recent 10-K and 10-Q filings highlighted a going concern opinion and a severe liquidity crisis for the company.
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Prior Sales
The filer previously sold 111,058 shares for $3,207.79 in gross proceeds within the last three months.
Analysis · BUDZ · Industrial Applications And Services
Nicole M. Breen, the Secretary and Treasurer, has filed a Form 144 indicating her intent to sell approximately $32,567 worth of common stock. This proposed sale represents about 1% of the company's current market capitalization and comes as the company faces a severe liquidity crisis and a going concern opinion, as highlighted in recent 10-K and 10-Q filings. While the absolute dollar amount is small, the percentage of market cap and the context of the company's financial distress make this a notable insider disposition.
At the time of this filing, BUDZ was trading at $0.02 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $3.3M. The 52-week trading range was $0.02 to $0.08. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.