In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ensync Inc. (NYSEMKT:ESNC) that He Jilun has picked up 8,000,000 of common stock as of 2017-07-12.
The acquisition brings the aggregate amount owned by He Jilun to a total of 8,000,000 representing a 16.7% stake in the company.
For those not familiar with the company, EnSync, Inc. is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network. The Company’s products include Matrix energy management system and advanced energy storage products. The Matrix Energy Management System is a behind the meter energy control system, which focuses at the commercial, industrial and multi-tenant building markets. Matrix Energy Management System offers swappable drawers that can be replaced without taking the entire distributed generation system off line. The Company’s Agile Hybrid Storage System is a technology that combines a range of storage units.
A glance at Ensync Inc. (NYSEMKT:ESNC)’s key stats reveals a current market capitalization of $16.47 Million based on $48.01 Million shares outstanding and a price at last close of $0.360 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-22, Abdoo picked up 142,857 at a purchase price of $0.35. This brings their total holding to 806,527 as of the date of the filing.
On the sell side, the most recent transaction saw Birnbaum unload 16,502 shares at a sale price of $0.55. This brings their total holding to 353,415.
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 eye on Ensync Inc. (NYSEMKT:ESNC) as things move forward to see if its progress aligns with these transactions.
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