If the CEO is buying company stock, it can be a sign that the stock is undervalued and as we all know an insider buying is usually an unambiguous signal about how he feels about his company. Insider buying can be an encouraging signal for potential investors when markets face uncertainty.
ADM Endeavors Inc. (OTC: ADMQ) recently announced that the Company’s CEO, Marc Johnson, has privately purchased 17,160,000 common shares out of the Company’s public float.
Marc Johnson, CEO of ADM Endeavors, stated: “As a continued indication of my belief in our Company, I have purchased an additional 17,160,000 common shares out of the public float. Due to the purchase, those shares are now affiliate shares and are restricted.”
Mr. Johnson continued: “I have disclosed these additional stock acquisitions in my Securities and Exchange Commission Form 4 filings.”
Mr. Johnson now beneficially owns 81,696,833 restricted shares of common stock, out of a total of 160,902,143 shares of common stock issued and outstanding, equating to 50.8% of all issued and outstanding shares of common stock being beneficially owned by the Company’s CEO.
The Company now has approximately 41,110,000 free trading common shares in the public float.
- ADM Endeavors, Inc. (ADMQ) Blank Wearables Purchases With S&S Activewear Up More Than 200%
- Revenues increased to $3.523 million in the nine months ended September 30, 2020 compared to revenues of $2.925 million in the same period in 2019, a 20.4% increase
- Gross revenue for its wholly owned subsidiary, Just Right Products, Inc., in the first ten months of 2020 is approximately $4.2 million (unaudited), topping the total gross revenue for the full year of 2019 of $3.8 million.
ADM Endeavors Inc. (OTC: ADMQ) https://admendeavors.com/ Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has operated a diverse vertical integrated business in the Dallas/Fort Worth area, which consists of a retail sales division, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms. The Retail Sales Division focuses on any product with a logo. It sells a very wide range of products from business cards to coffee cups. Our motto is “We Sell Anything With A Logo!” Just Right Products’ salespeople excel because they are selling the items people like to buy. The Screen Printing Department utilizes its five screen printing machines to print garments and can produce more than 8,000 units per day. The Embroidery equipment has 51 heads of embroidery capacity. The Digital Department and all the other departments have significant growth potential. The Import Department sources products for retail and wholesale customers. ADM Endeavors has employees fluent in Chinese, Spanish and Arabic thereby affording significant opportunities to interact directly with multiple product sources internationally. The Uniform Division sells uniforms to businesses and schools, with the advantage of in-house production and international sourcing.
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