In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Encision Inc. (OTCMKTS:ECIA) reported that Wynne Timothy J has picked up 581,142 of common stock as of 2017-06-15.
The acquisition brings the aggregate amount owned by Wynne Timothy J to a total of 581,142 representing a 5.4% stake in the company.
For those not familiar with the company, Encision Inc. is a medical device company. The Company designs, develops, manufactures and markets surgical instruments that provide safety to patients undergoing minimally-invasive surgery. Its Active Electrode Monitoring (AEM) technology provides surgeons with the desired tissue effects of cutting and coagulating tissue in laparoscopic procedures, while preventing stray electrosurgical energy that can cause complications and even death. Its shielded and monitored instruments enable surgeons to perform electrosurgical procedures. It produces and markets a line of AEM Instruments, which are shielded and monitored to prevent stray electrosurgical burns from insulation failure and capacitive coupling. Its product line includes a range of endo-mechanical instruments (scissors, graspers and dissectors), fixed-tip electrodes and suction-irrigation electrodes. Its EndoShield integrates its AEM technology into a disposable smart cord and eliminates the need for a separate AEM monitor.
A glance at Encision Inc. (OTCMKTS:ECIA)’s key stats reveals a current market capitalization of $3.89 Million based on $10.68 Million shares outstanding and a price at last close of $0.370 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-15, Fries picked up 10,000 at a purchase price of $0.40. This brings their total holding to 180,000 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Encision Inc. (OTCMKTS:ECIA) as things move forward to see if its progress aligns with these transactions.
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