LTCN shareholder files Form 144 to sell 8,000 common shares
Rhea-AI Filing Summary
A shareholder filed a Form 144 notice to sell common shares of LTCN. The filing lists a proposed sale of 8,000 shares through Canaccord Genuity Inc. on the OTCQX with an approximate sale date of 10/27/2025. The aggregate market value tied to this notice is $64,530.40. The table shows 24,252,100 shares outstanding.
The shares to be sold were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash (8,000 shares). Over the past three months, the filer reported additional sales of common shares: 16,371 shares for $153,343.88 on 08/04/2025, 55,066 shares for $515,252.56 on 08/06/2025, and 15,500 shares for $118,615.3 on 10/24/2025. This notice reflects a potential secondary sale by the holder; proceeds would go to the selling shareholder.
Positive
- None.
Negative
- None.
Insights
Form 144 discloses a planned secondary sale; neutral impact.
This notice outlines a holder’s intent to sell 8,000 common shares via Canaccord Genuity Inc. on the OTCQX, with an indicated $64,530.40 aggregate market value. The shares were acquired on 10/19/2024 in a privately negotiated, cash transaction.
Form 144 filings inform the market of potential sales under Rule 144. Cash proceeds flow to the selling shareholder, not the issuer. The filing also lists prior three-month sales with specific share counts and proceeds, which Rule 144 requires for aggregation considerations.
Actual market impact depends on execution of the proposed sale and trading liquidity. The document provides no guidance or issuer cash flows; it simply permits transparency around potential secondary sales by the holder.