$TEUM http://seekingalpha.com/news/3250361-pare
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Posted On: 03/10/2017 10:48:55 AM
$TEUM
http://seekingalpha.com/news/3250361-pareteum...rcent-jump
- In a filing, the company had noted that on March 7 it got conversion notices from holders of $1.15M worth (about 115 shares) of its Series A and A-1 convertible preferred stock.
- Those shares will converted into common stock at a 13% discount to a public offering.
Feb. 21, 2017
a leading international provider of mobile networking software and services, today announced that Hal Turner , Executive Chairman, Vic Bozzo , Chief Executive Officer, Ted O'Donnell , Chief Financial Officer and Independent Directors Yves van Sante and Roderick de Greef entered into a share purchase agreement and participated in a private transaction to acquire an aggregate of 1,379,555 shares of common stock of the Company at $0.11 per share.
"We believe with today's transaction, management and members of the Board are demonstrating our belief in the value inherent in Pareteum , which is driven by industry acceptance of our Global Cloud Mobility Strategy, the renewed growth in the Mobile Virtual Network sector, and the emergence of the Internet of Things requiring our technology. Based upon our team's insight into the market, the strength of our expanded portfolio of products and the support we are receiving from our key customers and partners, we consider the purchase of shares as an investment opportunity. Further, it is indicative of our long-term commitment to the Company through the acquisition of additional shares of common stock," said Hal Turner , Executive Chairman of Pareteum .
The Company is pleased with the progress accomplished to date, and maintains a positive outlook for its future growth potential. Therefore, the Company wants to disclose that the officers and directors may purchase the Company's stock, from time to time, at prevailing prices.
http://seekingalpha.com/news/3250361-pareteum...rcent-jump
- In a filing, the company had noted that on March 7 it got conversion notices from holders of $1.15M worth (about 115 shares) of its Series A and A-1 convertible preferred stock.
- Those shares will converted into common stock at a 13% discount to a public offering.
Feb. 21, 2017
a leading international provider of mobile networking software and services, today announced that Hal Turner , Executive Chairman, Vic Bozzo , Chief Executive Officer, Ted O'Donnell , Chief Financial Officer and Independent Directors Yves van Sante and Roderick de Greef entered into a share purchase agreement and participated in a private transaction to acquire an aggregate of 1,379,555 shares of common stock of the Company at $0.11 per share.
"We believe with today's transaction, management and members of the Board are demonstrating our belief in the value inherent in Pareteum , which is driven by industry acceptance of our Global Cloud Mobility Strategy, the renewed growth in the Mobile Virtual Network sector, and the emergence of the Internet of Things requiring our technology. Based upon our team's insight into the market, the strength of our expanded portfolio of products and the support we are receiving from our key customers and partners, we consider the purchase of shares as an investment opportunity. Further, it is indicative of our long-term commitment to the Company through the acquisition of additional shares of common stock," said Hal Turner , Executive Chairman of Pareteum .
The Company is pleased with the progress accomplished to date, and maintains a positive outlook for its future growth potential. Therefore, the Company wants to disclose that the officers and directors may purchase the Company's stock, from time to time, at prevailing prices.
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Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.
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