In a recent transaction on July 15, Michael Feinsod, the CEO of Bespoke Extracts, Inc. (OTCMKTS:BSPK), made a purchase of company shares valued at $210. The acquisition consisted of 3,000 shares at a price of $0.07 each. Following this transaction, Feinsod's direct and indirect holdings in the company have increased to a total of 2,145,112 shares.
Bespoke Extracts, based in Denver, Colorado, operates in the pharmaceutical preparations industry. The company, which was previously known as DiMi Telematics International, Inc. and had undergone several name changes, is now under the leadership of Feinsod, who also serves as a director and a ten percent owner of the firm.
The shares were acquired through direct ownership, with 1,130,000 shares held directly by Mr. Feinsod and 1,015,112 shares held by Infinity Management, LLC, where he is the managing member. This latest purchase by the CEO demonstrates a continued commitment to the company and signifies a reinforcement of his stake in its future.
Investors often look to transactions made by company insiders, such as CEOs, as an indicator of confidence in the firm's prospects. The details of these transactions are publicly disclosed to ensure transparency and provide valuable information for the market. With this recent investment, stakeholders of Bespoke Extracts, Inc. may find additional interest in monitoring the company's performance and future developments.
InvestingPro Insights
Amidst the backdrop of Bespoke Extracts, Inc. CEO Michael Feinsod's recent share acquisition, the company's financial metrics paint a complex picture. According to InvestingPro data, Bespoke Extracts has a market capitalization of just $0.66 million, reflecting its status as a small-cap entity in the pharmaceutical preparations industry. Despite a remarkable revenue growth of 970.77% over the last twelve months as of Q1 2024, the company's operating income margin during the same period stands at a negative 139.14%, indicating substantial operating losses relative to its revenue.
The stock's price volatility is also noteworthy, with a significant price uptick of 63.82% over the last six months, yet a one-week price total return showing a decline of 25.91%. This volatility is a critical factor for investors to consider, as it may impact both short-term trading and long-term investment strategies. Additionally, the stock does not pay a dividend, which might influence the decision-making of income-focused investors.
For those interested in a deeper analysis, there are more InvestingPro Tips available, which could offer further insights into Bespoke Extracts' financial health and stock performance. Subscribers to InvestingPro can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, gaining access to a wealth of data and expert tips that could guide investment decisions. With six additional InvestingPro Tips listed, investors can explore the nuances of Bespoke Extracts' financial standing and market behavior.
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