Insider Trading Alert: VerifyMe Inc $VRME

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VerifyMe Inc (OTCPK:VRME) insider have most recently took part in a trading activity. On Dec 20, 2017 Blickman Laurence J, Director, 10% Owner bought 10,000 shares having total worth of $1,300 at the price of $0.13 per share, following the transaction a total of 8,598,908 shares owned by Blickman Laurence J. Before this latest buy, Blickman Laurence J purchased VRME at 5 other times during the past twelve months, for a total investment of $42,741 at an average of $0.05 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 1 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 6 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 1 -6.1%
12 Month 5 1 55.41%

LaserLock Technologies, Inc. was formed under the laws of Nevada on November 10, 1999. The Company’s objective is to develop and market technologies that allow for easy product and document authentication and prevent product and document counterfeiting. This technology involves the utilization of an invisible ink, which is compatible with today’s printing machines. The invisible ink may be used with certain printing systems such as offset, flexographic, silkscreen, gravure and laser. The Company has completed independent testing and commercial trials with several manufacturers. The Company has also developed a proprietary trade secret enabling it to offer its clients the ability to change the combination lock on its lasers. This ability will prevent any breach of security by counterfeiters. In developing marketing approach, the Company has attempted to achieve sufficient flexibility in products and technologies so as to provide cost-effective solutions to a variety of counterfeiting problems. The Company intends to generate revenues primarily by collecting license fees from manufacturers who incorporate the Company’s technologies into their manufacturing processes and their products. In the case of cashless gaming systems, the revenues will be generated via the right to sell advertising on the back of cashless gaming tickets. The Company has identified a number of key markets for its technologies and products including gaming, document security printers, manufacturers of labels for the apparel industry, manufacturers of packaging materials and distributors of brand name products. Within each market, key potential users have been identified. Since September of 2001, the Company has held a four-year exclusive license in the casino and gambling industry from NoCopi Technologies, Inc. The four-year exclusive license allows the Company to utilize a patented technology called “Rub & Reveal.” For the year ended December 31, 2003, the Company spent a total of $93,977 on research and development, all of which was spent on the enhancement of its ink and its activation product, and the application of its Rub & Reveal license technology. The Company has acquired the exclusive right to advertise on the reverse side of slot tickets, which are used in cashless slot machines. The Company acquired this right from Translucent Technologies, the manufacturer of slot tickets in the U.S. in October 2002. The Company currently has a five-year employment agreement in place with its President and CEO. The Company has one part-time employee.

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.