Homeland Security Corporation and Officer Transactions of Company Stock
On December 29, 2022, James Werner, CEO of Homeland Security Corporation (HSCC), acquired 11,000,000 restricted shares for $15,000 from Gary Williams, the company's VP.
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Rhea-AI Summary
On December 29, 2022, James Werner, CEO of Homeland Security Corporation (HSCC), acquired 11,000,000 restricted shares for $15,000 from Gary Williams, the company's VP. Concurrently, HSCC purchased another 11,000,000 restricted shares for $1,100 from Williams, designating them as treasury stock. As of December 30, 2022, Werner holds 107,000,000 restricted shares and 1,334,972 unrestricted shares, controlling 60.10% of HSCC voting shares through NewDay Holding LLC.
HSCC specializes in security solutions, including video surveillance and intrusion detection, through strategic partnerships.
Positive
- James Werner now controls 60.10% of HSCC voting shares, strengthening management's influence.
- The purchase of treasury stock may suggest confidence in HSCC's future.
Negative
- The purchase prices for the shares may raise concerns about the valuation of HSCC.
- Limited public trading data due to being on PINKSHEETS may reduce market confidence.
Details
News Market Reaction – HSCC
The recorded move for HSCC in the trading session of this news was +257.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Carson City, Nevada, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Chief Executive Officer and President James Werner, via NewDay Holding LLC, purchased 11,000,000 restricted shares of Homeland Security Corporation (PINKSHEETS: HSCC) for
As of Dec. 30, 2022, James Werner is beneficial owner of 107,000,000 restricted shares and 1,334,972 unrestricted shares of HSCC. NewDay Holding LLC controls 91,000,000 (
About Homeland Security Corporation:
Homeland Security Corporation is a surveillance company delivering security solutions to government, commercial, and enthusiast class customers. We focus on enriching our operations through long-term partnerships with peer companies by providing consulting, licensing, and contracting services. Our areas of expertise include video surveillance, covert surveillance, counter surveillance, intrusion detection, fire detection, server and storage solutions, and the automation of residences and commercial buildings.
Forward-Looking Statements:
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, along with statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events, and performance to differ materially from those anticipated.
FAQ
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