[Form 4] Perfect Moment Ltd. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
Net Buyer: 1,692,694 shares ($507,808)
Net Buy
5 txns
Insider
Gottschalk Max
Role
Director, 10% Owner
Bought
1,692,694 shs ($508K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,692,694 | $0.30 | $508K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series AA Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,024,447 shares (Indirect, By Joachim Gottschalk & Associates Ltd.);
Common Stock — 47,020 shares (Direct);
Series AA Preferred Stock — 344,797 shares (Indirect, By Joachim Gottschalk & Associates Ltd.)
Footnotes (1)
- Issuer entered into a Securities Purchase Agreement (the "Agreement") with Joachim Gottschalk & Associates ("JGA"). Further to the Agreement, JGA, converted all principal and unpaid interest owing further to a promissory note evidencing a $500,000 loan previously made by JGA to the Issuer into 1,692,694 shares of common stock at a per share conversion rate of $0.30. See also footnote 2. The Gottschalk Family Trust is the 100% owner of Joachim Gottschalk & Associates Ltd. and Credit Suisse Trust Limited is the Trustee of the Gottschalk Family Trust. Credit Suisse Trust Limited takes direction from the Reporting Person's Spouse, as a beneficiary of the Gottschalk Family Trust. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Shares owned by Reporting Person's spouse Jane Gottschalk. Reporting Person and his spouse each share voting and dispositive control over the shares of common stock beneficially owned by the other. Fermain Limited ("Fermain") is controlled by Reporting Person and his spouse, Jane Gottschalk, each of whom shares voting and dispositive control over Fermain's shares with no single person controlling investment or voting decisions with respect to such shares. Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any. Inclusion of shares owned by Fermain shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended..
