Ironclad Performance Wear Corp (OTCMKTS:ICPW) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ironclad Performance Wear Corp (OTCMKTS:ICPW) reported that Chez Ronald L
has picked up 8,595,649 of common stock as of 2017-05-01.

The acquisition brings the aggregate amount owned by Chez Ronald L to a total of 8,595,649 representing less than 10.04% stake in the company.

For those not familiar with the company, Ironclad Performance Wear Corporation (Ironclad) designs and manufactures branded performance work wear for a range of construction, do-it-yourself, industrial, sporting goods and general services markets. The Company designs task-specific technical gloves and performance apparel for performing specific job functions. The Company’s primary products are its task-specific technical gloves. The Company produces and sells over 100 distinct glove types in a variety of sizes and colors, which cater to the specific demands and requirements of industrial, construction, do-it-yourself, and sporting goods consumers, including carpenters, machinists, package handlers, plumbers, welders, roofers, oil and gas workers, mechanics, hunters, gardeners and do-it-yourself users. It offers a line of performance apparel products, which consists of long and short sleeved shirts. The Company’s apparel line also includes performance jackets, pants, shorts, reflective and polo shirts, underwear and tights.

A glance at Ironclad Performance Wear Corp (OTCMKTS:ICPW)’s key stats reveals a current market capitalization of 18.78 Million based on 85.65 Million shares outstanding and a price at last close of $0.212 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-20, Cordes picked up 30,000 at a purchase price of $0.25. This brings their total holding to 653,623 as of the date of the filing.

On the sell side, the most recent transaction saw Bloomer unload 46,722 shares at a sale price of $0.20. This brings their total holding to 0.

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 Ironclad Performance Wear Corp (OTCMKTS:ICPW) as things move forward to see if its progress aligns with these transactions.

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