In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Property Management Corp of America (OTCMKTS:PPTG) reported that Wong Hsien Loong has picked up 9,000,000 of common stock as of 2017-05-30.
The acquisition brings the aggregate amount owned by Wong Hsien Loong to a total of 9,000,000 representing less than 14% stake in the company.
For those not familiar with the company, Property Management Corporation of America offers management and consulting services to residential and commercial real estate property owners renting or leasing their property to third-party tenants. The Company manages approximately two properties in Fauquier County, Virginia. The Company offers a range of services, such as advertising the premises for rent, including placing signs on the premises, in newspapers or in real estate publications; showing the premises to prospective and actual tenants; signing and serving in the name of the owner notices, and instituting and prosecuting actions against tenants; settling, compromising and releasing claims and actions, or reinstating tenancies; recommending to owners, for their approval, a schedule of rents and fees to tenants; handling and resolving complaints of tenants, and entering into various contracts regarding the premises, including obtaining utility service and hiring employees and contractual labor for owners.
A glance at Property Management Corp of America (OTCMKTS:PPTG)’s key stats reveals a current market capitalization of 4.12 Million based on 10.31 Million shares outstanding and a price at last close of $0.400 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-14, Mcmillen picked up 7,500,000 at a purchase price of $0.02. This brings their total holding to 0 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 eye on Property Management Corp of America (OTCMKTS:PPTG) as things move forward to see if its progress aligns with these transactions.
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