CEO Files Intent to Sell 65 Million Shares Valued at $120,000
Summary
Two Hands Corp's CEO, Emil Assentato, filed a Form 144 indicating an intent to sell 65 million common shares, valued at approximately $120,000.
Key Events
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CEO Files Intent to Sell Shares
Emil Assentato, CEO of Two Hands Corp, filed a Form 144 to sell 65,000,000 common shares.
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Significant Value of Proposed Sale
The proposed sale has an approximate market value of $120,000, representing over 1% of the company's market capitalization.
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Shares Acquired via Note Conversion
The shares were acquired on December 30, 2024, through the conversion of promissory notes, aligning with the company's recent history of dilutive financing.
Analysis
This Form 144 filing indicates that CEO Emil Assentato intends to sell a substantial block of shares, representing over 1% of the company's current market capitalization. The shares were acquired through the conversion of promissory notes, a financing method the company has frequently utilized, as evidenced by recent highly dilutive convertible note agreements disclosed in January 2026. While this specific sale relates to an earlier conversion, it highlights a pattern where shares issued through dilutive financing are subsequently intended for sale by insiders or related parties, potentially increasing selling pressure on the stock.
At the time of this filing, TWOH was trading at $0.00 on OTC in the Trade & Services sector, with a market capitalization of approximately $11.7M. The 52-week trading range was $0.00 to $0.01. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.