HUTN Chairman Buys 1.39 Million Shares Follows CEOs Purchase of 3.225 Million Shares Last Month
09 May 2018 - 10:00PM
InvestorsHub NewsWire
HUTN Chairman
Buys 1.39 Million
Shares
Follows CEOs Purchase of 3.225 Million
Shares Last Month
Springfield,
Ohio -- May 9, 2018 -- InvestorsHub
NewsWire -- The Chairman
of
HUTN, Inc.
(OTC:
HUTN) has purchased 1,390,000 ordinary shares of HUTN, exercising options he
holds. The options exercised have strike
prices that range from $0.60 to $0.15. Some of the options exercised
at a strike above the market price at the time of
exercise.
Stanley Hutton
Rumbough,
the company's Chairman and grandson of
Edward F.
Hutton, said "I believe in the
company's future and cannot think of a better way to show that than
to risk my own personal capital to buy a significant number of
shares." Mr. Rumbough has added to his
already significant ownership stake.
The Chairman's
purchase of 1.39 million shares follows last month's purchase by
the CEO, Christopher Daniels, of 3.225 million shares.
Mr.
Rumbough purchased the shares directly
from the company in a private transaction. The shares were issued under
an exemption from registration under Reg D of the Securities Act of
1933 as amended. The shares carry a legend
and, unless registered, they cannot be sold for at least one-year,
except pursuant to an applicable exemption. In return for the
unregistered shares, the company received $326,000 in a combination of
cash and redemption of a note.
About HUTN
Inc.
HUTN, Inc.
subsidiaries provide branded online and mobile
services to
consumers ("B2C"). The Megga subsidiary
provides a social
internet platform that pays users - meggalife.com is a new model. The platform
includes- social networks, e-mail, internet search, news and more.
EF Hutton is a legendary financial
services brand this subsidiary
provides online investing services and
investment advisory services, efhutton.com. The Vyral Media
subsidiary
publishes digital
content to enhance user experience and engagement.
The Vibrant Mobility
subsidiary
provides mobile
data & communications services.
CONTACT:
EF HUTTON
INVESTOR RELATIONS
info@efhutton.com
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