RiskOn International, Inc. (OTC:ROII) CEO Milton Ault III has recently engaged in stock transactions, according to the latest regulatory filings. On April 17, 2024, Ault purchased 56,101 shares of the company's common stock at an average price of $0.0157, amounting to a total investment of approximately $880.
The transaction took place in the open market, with the prices ranging from $0.0154 to $0.0641 per share. The purchase increased Ault's direct holdings in RiskOn International to 801,345 shares, which are held through Ault Lending, LLC, a subsidiary of Ault Alliance, Inc. As the Executive Chairman of Ault Alliance, Ault is considered to have voting and investment control over the securities owned by Ault Lending.
In addition to the recent acquisition, the filings also disclosed dividends paid in the form of common stock on shares of Series B preferred stock owned by Ault. These transactions, coded as "J" and not involving a direct purchase price, resulted in Ault receiving 7,560 shares on January 23, 2024, and 31,433 shares on April 5, 2024, with a total value of $292,447 based on the dividend price of $7.5 per share.
These transactions have been publicly reported in compliance with SEC regulations and provide insight into the executive's stake in the company. Milton Ault's role as Chief Executive Officer of both RiskOn International and Ault & Company, Inc. affirms his significant influence within the company's structure.
Investors and market watchers often keep a close eye on insider transactions as they can provide valuable signals about a company's prospects and the confidence that executives have in their firm's future.
InvestingPro Insights
As RiskOn International, Inc. (OTC:ROII) catches the market's eye with insider transactions by CEO Milton Ault III, InvestingPro data and tips provide a deeper understanding of the company's financial health and stock performance. With a market capitalization of only $0.33 million USD, RiskOn International is a micro-cap company that has experienced a significant decline in stock price, as evidenced by a -99.51% one-year price total return as of April 2024. This aligns with an InvestingPro Tip highlighting the stock's substantial hit over the last year.
Another concerning InvestingPro Tip for potential investors is the company's weak gross profit margins, which are reflected in the data showing a gross profit margin of -699.69% for the last twelve months as of Q3 2024. This is indicative of the company's challenges in maintaining profitability in its operations. Additionally, RiskOn International's short-term obligations exceed its liquid assets, which could pose liquidity risks for the company moving forward.
For those considering an investment in RiskOn International, or for current shareholders looking to understand the full picture, there are 14 additional InvestingPro Tips available, which can be accessed by visiting https://www.investing.com/pro/ROII. These tips could prove invaluable in making informed decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering even more insights to guide your investment strategy.
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