In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Biolargo Inc. (OTCMKTS:BLGO) reported that Strommen Jack B. has picked up 6,935,577 of common stock as of 2017-06-30.
The acquisition brings the aggregate amount owned by Strommen Jack B. to a total of 6,935,577 representing a 6.8% stake in the company.
For those not familiar with the company, BioLargo, Inc. is a provider of platform technologies. The Company’s products are used to eliminate contaminants that threaten the water, health and quality of life. Its technology has commercial applications within several industries. The Company focuses on four areas: water treatment; industrial odor control applications; commercial, household and personal care products (CHAPP), and advanced wound care. Its AOS Filter combines iodine, water filter materials and electrolysis within a water filter device. It generates oxidation potential in order to oxidize and breakdown or otherwise eliminate, soluble organic contaminant, which are found in contaminated water. Its CupriDyne formula is used to deliver iodine within products. The Isan System is an automated iodine dosing system, which features controlled measuring, flow control, dosing and iodine extraction and removal technology, as well as an automatic tracking system that delivers iodine in calibrated doses.
A glance at Biolargo Inc. (OTCMKTS:BLGO) key stats reveals a current market capitalization of $44.27 Million based on $99.04 Million shares outstanding and a price at last close of $0.448 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2011-09-30, Roberts picked up 142,858 at a purchase price of $0.35. This brings their total holding to 229,083 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 Biolargo Inc. (OTCMKTS:BLGO) as things move forward to see if its progress aligns with these transactions.
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