Notable Insider Trading: Parks! America Inc $PRKA

businessman-1106922_1920

Parks! America Inc (OTCPK:PRKA) insider have most recently took part in a trading activity. On Jun 22, 2017 Kohnen Charles, Director, 10% Owner bought 350,000 shares having total worth of $49,000 at the price of $0.14 per share, following the transaction a total of 20,905,000 shares owned by Kohnen Charles. Before this latest buy, Kohnen Charles purchased PRKA at 1 other times during the past twelve months, for a total investment of $11,700 at an average of $0.09 per share.

Furthermore, over the past 12 months , the stock was traded 1 times by insiders. an employee of the company was the buyer in 1 instances.

Parks! America, Inc., is originally incorporated on July 30, 1954 as Painted Desert Uranium & Oil Co., Inc. in Washington State. On October 1, 2002, Painted Desert Uranium & Oil Co., Inc. changed its name to Royal Pacific Resources, Inc. and its corporate domicile to the State of Nevada. On December 19, 2003, Royal Pacific Resources, Inc. acquired the assets of Great Western Parks LLC, including the Crossroads Convenience Center LLC., and changing the corporate name to Great American Family Parks, Inc. The acquisition was accounted for as a reverse acquisition in which Great Western Parks was considered to be the acquirer of Royal Pacific Resources for reporting purposes. The Company is in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States. It plans to build a family of parks mainly through acquisitions of small local and regional privately owned existing parks. It is the parent Corporation of the following wholly-owned subsidiaries: Wild Animal Safari, Inc and Wild Animal, Inc. Wild Animal Safari, Inc., a Georgia Corporation that operates and owns the Wild Animal Safari theme park in Pine Mountain, Georgia. It is located on 200 acres of a 500-acre plot, and includes a drive-through animal viewing area that opened in 1991. It is located 12 miles east of Springfield and 45 miles north of Branson, MO. The park has 255 acres and includes a five mile drive-through animal viewing area utilizing the entire campus. The theme park is currently home to 600 animals and growing, with nearly 80 different varieties. The theme park industry is competitive, fragmented, evolving, and subject to technological change and intense marketing by providers with similar products. The Company’s competitor for general recreation consumer spending in Georgia, Callaway Gardens, is located within five miles of the Wild Animal Safari park. The Company’s Wild Animal Safari facility operates under various licenses and approvals from government at various levels. Wild Animal Safari has received its own operating license from the USDA.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.