Homeland Security Corporation CEO Purchases of Company Stock

Rhea-AI Summary

On January 26, 2023, Homeland Security Corporation's CEO, James Werner, purchased 665,028 shares for a total of $9,396.72 from January 23 to January 25, 2023. This acquisition reduced the float of HSCC to 58,273,627 shares. Post-transaction, Werner holds 107,000,000 restricted shares and 2,000,000 unrestricted shares, translating to 109,000,000 voting shares, constituting 60.46% of HSCC's total voting power. The transactions were completed at various prices, ranging from $0.01075 to $0.019 per share, indicating a strategic investment to increase his ownership stake in the company.

Positive

• James Werner's purchase of 665,028 shares indicates strong insider confidence in HSCC.
• Reduction in float to 58,273,627 shares may enhance share value due to decreased supply.

Negative

• None.

Carson City, Nevada, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Chief Executive Officer and President James Werner purchased a total of 665,028 unrestricted shares of Homeland Security Corporation (OTCPINK: HSCC) for $9,396.72 between Jan. 23, 2023 and Jan. 25, 2023. Due to these transactions, the Float of HSCC has reduced by 665,028 shares and is 58,273,627 shares. As of Jan. 26, 2023, James Werner is beneficial owner of 107,000,000 restricted shares and 2,000,000 unrestricted shares of HSCC. James Werner controls 109,000,000 (60.46%) voting shares of HSCC. 

The detailed HSCC transactions of James Werner from Jan. 23, 2023 to Jan. 25, 2023 are set out below:

Date	Transaction	Cost ($)	# Shares	Value ($)
Jan. 23 2023	Buy	0.0125	333,000	4,162.50
Jan. 24 2023	Buy	0.014	100,000	1,400.00
Jan. 24 2023	Buy	0.01075	10,000	107.50
Jan. 24 2023	Buy	0.015	33,000	495.00
Jan. 25 2023	Buy	0.017	100,000	1,700.00
Jan. 25 2023	Buy	0.016731	55,814	933.82
Jan. 25 2023	Buy	0.0169	4,186	70.74
Jan. 25 2023	Buy	0.01705	12,500	213.13
Jan. 25 2023	Buy	0.019	16,528	314.03

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

What recent stock purchases were made by HSCC's CEO?

James Werner purchased 665,028 shares of Homeland Security Corporation (HSCC) for $9,396.72 from January 23 to January 25, 2023.

How has James Werner's stock ownership changed after his recent purchases?

After the purchases, James Werner beneficially owns 107,000,000 restricted shares and 2,000,000 unrestricted shares of HSCC.

What percentage of voting shares does James Werner control in HSCC?

James Werner controls 60.46% of the voting shares in Homeland Security Corporation (HSCC).

How much did HSCC's float decrease after the recent purchases?

The float of Homeland Security Corporation (HSCC) decreased by 665,028 shares, bringing it to 58,273,627 shares.